Tradewinds Capital Management LLC lowered its stake in Oracle Corporation (NYSE:ORCL) by 3.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 29,583 shares of the enterprise software provider’s stock after selling 907 shares during the period. Oracle Corporation comprises 0.8% of Tradewinds Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Tradewinds Capital Management LLC’s holdings in Oracle Corporation were worth $1,320,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners increased its stake in shares of Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after buying an additional 3,054,765 shares in the last quarter. Quest Investment Management Inc. OR increased its stake in shares of Oracle Corporation by 259.6% in the fourth quarter. Quest Investment Management Inc. OR now owns 21,399 shares of the enterprise software provider’s stock valued at $823,000 after buying an additional 15,449 shares in the last quarter. Quotient Investors LLC increased its stake in shares of Oracle Corporation by 263.2% in the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock valued at $1,865,000 after buying an additional 30,300 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Oracle Corporation by 0.9% in the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock valued at $83,312,000 after buying an additional 17,458 shares in the last quarter. Finally, SRS Capital Advisors Inc. bought a new stake in shares of Oracle Corporation during the fourth quarter valued at $181,000. Institutional investors own 58.79% of the company’s stock.
Shares of Oracle Corporation (NYSE:ORCL) traded up 0.14% during trading on Friday, reaching $48.62. The company had a trading volume of 10,248,442 shares. The company has a 50 day moving average of $49.83 and a 200-day moving average of $45.71. The firm has a market capitalization of $201.13 billion, a P/E ratio of 22.00 and a beta of 1.06. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts expect that Oracle Corporation will post $2.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were issued a $0.19 dividend. The ex-dividend date was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is currently 34.55%.
COPYRIGHT VIOLATION WARNING: “Oracle Corporation (ORCL) Stake Lowered by Tradewinds Capital Management LLC” was first posted by BNB Daily and is owned by of BNB Daily. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/tradewinds-capital-management-llc-has-1-32-million-position-in-oracle-corporation-orcl-updated-updated-updated.html.
Several research firms recently commented on ORCL. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 25th. Benchmark Co. boosted their price objective on shares of Oracle Corporation from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, June 22nd. KeyCorp raised shares of Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $49.00 price objective on shares of Oracle Corporation in a research note on Friday, May 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. Oracle Corporation presently has an average rating of “Buy” and a consensus target price of $50.81.
In other Oracle Corporation news, Director Bruce R. Chizen sold 206,250 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total value of $10,260,937.50. Following the completion of the sale, the director now directly owns 63,985 shares in the company, valued at $3,183,253.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 200,000 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $50.94, for a total value of $10,188,000.00. Following the completion of the sale, the executive vice president now owns 130,977 shares of the company’s stock, valued at $6,671,968.38. The disclosure for this sale can be found here. Insiders sold 1,817,500 shares of company stock valued at $91,560,925 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.
About Oracle Corporation
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.
Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with MarketBeat.com's FREE daily email newsletter.