The Oracle Corporation (ORCL) Shares Sold by Usca Ria LLC, Report finds

The Oracle Corporation (ORCL) Shares Sold by Usca Ria LLC, Report finds

Several other large investors also recently modified their holdings of ORCL. Tealwood Asset Management Inc. increased its stake in shares of Oracle Corporation by 0.7% in the second quarter. Tealwood Asset Management Inc. now owns 37,216 shares of the enterprise software provider’s stock valued at $1,523,000 after buying an additional 259 shares in the last quarter. Essex Financial Services Inc. increased its stake in Oracle Corporation by 1.9% in the second quarter. Essex Financial Services Inc. now owns 11,437 shares of the enterprise software provider’s stock worth $468,000 after buying an additional 208 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in Oracle Corporation by 2.9% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,481 shares of the enterprise software provider’s stock worth $142,000 after buying an additional 99 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Oracle Corporation by 1.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 149,916 shares of the enterprise software provider’s stock worth $6,136,000 after buying an additional 1,688 shares during the period. Finally, Whittier Trust Co. increased its stake in Oracle Corporation by 0.6% in the second quarter. Whittier Trust Co. now owns 433,230 shares of the enterprise software provider’s stock worth $17,732,000 after buying an additional 2,614 shares during the period. 57.99% of the stock is owned by hedge funds and other institutional investors.

Usca Ria LLC lowered its stake in Oracle Corporation (NYSE:ORCL) by 1.2% during the third quarter, Holdings Channel reports. The institutional investor owned 26,812 shares of the enterprise software provider’s stock after selling 329 shares during the period. Usca Ria LLC’s holdings in Oracle Corporation were worth $1,053,000 at the end of the most recent quarter.

Oracle Corporation (NYSE:ORCL) traded up 1.39% on Friday, reaching $40.79. The company had a trading volume of 13,168,666 shares. The stock has a market capitalization of $167.33 billion, a price-to-earnings ratio of 19.47 and a beta of 1.14. Oracle Corporation has a 12 month low of $35.42 and a 12 month high of $42.00. The firm has a 50 day moving average price of $39.47 and a 200-day moving average price of $39.74.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, December 15th. The enterprise software provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Oracle Corporation had a return on equity of 21.33% and a net margin of 23.69%. The firm earned $9.07 billion during the quarter. During the same period in the prior year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Analysts forecast that Oracle Corporation will post $2.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, January 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.47%. Oracle Corporation’s payout ratio is 28.99%.

A number of research firms have commented on ORCL. Wedbush raised their target price on Oracle Corporation from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, December 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $43.00 target price on shares of Oracle Corporation in a report on Friday, December 16th. Stifel Nicolaus reduced their target price on Oracle Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a report on Friday, December 16th. Goldman Sachs Group, Inc. (The) set a $47.00 target price on Oracle Corporation and gave the company a “buy” rating in a report on Friday, December 16th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $52.00 target price on shares of Oracle Corporation in a report on Friday, December 16th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $44.19.

In other Oracle Corporation news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $38.72, for a total value of $1,742,400.00. Following the transaction, the director now directly owns 52,654 shares in the company, valued at approximately $2,038,762.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $40.85, for a total value of $153,187.50. Following the completion of the transaction, the director now owns 8,281 shares in the company, valued at $338,278.85. The disclosure for this sale can be found here. Insiders sold a total of 56,250 shares of company stock worth $2,188,650 over the last quarter. Corporate insiders own 29.00% of the company’s stock.

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.

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