Oracle Corporation $ORCL Stock Holdings Lowered by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its holdings in Oracle Corporation (NYSE:ORCL) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 523,569 shares of the enterprise software provider’s stock after selling 12,160 shares during the period. Oracle makes up 1.6% of Confluence Investment Management LLC’s portfolio, making the stock its 22nd largest holding. Confluence Investment Management LLC’s holdings in Oracle were worth $114,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Brighton Jones LLC raised its holdings in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after acquiring an additional 404 shares during the period. ProShare Advisors LLC raised its holdings in shares of Oracle by 6.1% during the fourth quarter. ProShare Advisors LLC now owns 366,034 shares of the enterprise software provider’s stock valued at $60,996,000 after acquiring an additional 20,991 shares during the period. Sig Brokerage LP acquired a new stake in shares of Oracle during the fourth quarter valued at approximately $498,000. Finally, Shell Asset Management Co. raised its holdings in shares of Oracle by 205.3% during the fourth quarter. Shell Asset Management Co. now owns 22,259 shares of the enterprise software provider’s stock valued at $3,709,000 after acquiring an additional 14,968 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent analyst reports. Melius Research boosted their price target on shares of Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday. DA Davidson upped their price objective on shares of Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Oppenheimer reissued an “outperform” rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Royal Bank Of Canada upped their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $296.84.

Oracle Trading Down 5.1%

Shares of ORCL stock opened at $292.07 on Friday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock has a market cap of $820.38 billion, a price-to-earnings ratio of 67.61, a P/E/G ratio of 4.10 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. The firm has a fifty day moving average of $244.69 and a 200-day moving average of $190.37.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the prior year, the company posted $1.63 EPS. The business’s revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle’s dividend payout ratio is currently 46.30%.

Insider Buying and Selling

In related news, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares in the company, valued at $25,247,469.76. This trade represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director owned 31,447 shares of the company’s stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,183 shares of company stock worth $10,353,198. Insiders own 42.20% of the company’s stock.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.