Oracle Corporation (ORCL) Shares Bought by TrimTabs Asset Management LLC

TrimTabs Asset Management LLC lifted its stake in Oracle Corporation (NYSE:ORCL) by 88.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,687 shares of the enterprise software provider’s stock after purchasing an additional 1,264 shares during the period. TrimTabs Asset Management LLC’s holdings in Oracle Corporation were worth $120,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ORCL. Reilly Financial Advisors LLC grew its holdings in Oracle Corporation by 8.7% during the 1st quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 200 shares during the period. Heritage Trust Co acquired a new stake in Oracle Corporation during the 1st quarter worth $130,000. Clean Yield Group acquired a new stake in Oracle Corporation during the 1st quarter worth $131,000. Pinnacle Bank acquired a new stake in Oracle Corporation during the 1st quarter worth $160,000. Finally, Welch Group LLC grew its holdings in Oracle Corporation by 6.7% during the 1st quarter. Welch Group LLC now owns 3,814 shares of the enterprise software provider’s stock worth $170,000 after acquiring an additional 238 shares during the period. 58.67% of the stock is owned by institutional investors and hedge funds.

Oracle Corporation (ORCL) traded down 7.67% on Friday, hitting $48.74. 66,367,857 shares of the company were exchanged. The company has a 50 day moving average price of $49.96 and a 200-day moving average price of $46.98. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14. The stock has a market capitalization of $201.62 billion, a P/E ratio of 22.05 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the company earned $0.55 earnings per share. Oracle Corporation’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.

Several brokerages have recently issued reports on ORCL. Vetr lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price target for the company. in a report on Sunday, September 3rd. Zacks Investment Research lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price target on shares of Oracle Corporation in a report on Sunday, August 27th. Finally, ValuEngine raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have issued a buy rating to the company’s stock. Oracle Corporation currently has a consensus rating of “Buy” and a consensus price target of $52.39.

In related news, Director Michael J. Boskin sold 150,000 shares of Oracle Corporation stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $50.69, for a total value of $7,603,500.00. Following the completion of the sale, the director now directly owns 99,454 shares in the company, valued at $5,041,323.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,817,500 shares of company stock valued at $91,582,600. Corporate insiders own 29.00% of the company’s stock.

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Oracle Corporation Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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