Seizert Capital Partners LLC lessened its holdings in Oracle Co. (NYSE:ORCL) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 508,760 shares of the enterprise software provider’s stock after selling 61,298 shares during the quarter. Oracle accounts for approximately 1.4% of Seizert Capital Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Seizert Capital Partners LLC’s holdings in Oracle were worth $28,984,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Evolution Wealth Advisors LLC increased its holdings in shares of Oracle by 346.0% in the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after purchasing an additional 346 shares during the last quarter. Investors Research Corp acquired a new position in shares of Oracle in the first quarter valued at about $30,000. Covenant Multifamily Offices LLC acquired a new position in shares of Oracle in the first quarter valued at about $35,000. Next Capital Management LLC acquired a new position in shares of Oracle in the second quarter valued at about $36,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Oracle in the second quarter valued at about $40,000. 53.71% of the stock is currently owned by institutional investors and hedge funds.
ORCL has been the topic of several research reports. Jefferies Financial Group upped their price target on shares of Oracle from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Morgan Stanley upped their price target on shares of Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Barclays upped their price target on shares of Oracle from $55.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, June 20th. Wells Fargo & Co upped their price target on shares of Oracle from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Finally, UBS Group restated a “neutral” rating and issued a $54.00 price target on shares of Oracle in a research note on Friday, June 14th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have issued a buy rating to the company. Oracle has an average rating of “Hold” and a consensus price target of $55.14.
Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The firm had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that Oracle Co. will post 3.49 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Tuesday, July 16th. Oracle’s dividend payout ratio is currently 30.38%.
In other Oracle news, CEO Mark V. Hurd sold 787,500 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $56.29, for a total transaction of $44,328,375.00. Following the completion of the sale, the chief executive officer now owns 874,871 shares of the company’s stock, valued at approximately $49,246,488.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.92, for a total transaction of $5,692,000.00. Following the sale, the executive vice president now directly owns 177,919 shares of the company’s stock, valued at approximately $10,127,149.48. The disclosure for this sale can be found here. Insiders sold 1,352,500 shares of company stock valued at $76,708,925 in the last ninety days. 32.00% of the stock is currently owned by insiders.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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