Texas Yale Capital Corp. Lowers Stock Position in Oracle Co. (NYSE:ORCL)

Texas Yale Capital Corp. lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 50.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,428 shares of the enterprise software provider’s stock after selling 60,428 shares during the quarter. Texas Yale Capital Corp.’s holdings in Oracle were worth $3,443,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ORCL. Lindbrook Capital LLC boosted its stake in shares of Oracle by 17.1% in the second quarter. Lindbrook Capital LLC now owns 9,154 shares of the enterprise software provider’s stock valued at $521,000 after purchasing an additional 1,337 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Oracle by 5.0% in the second quarter. Quadrant Capital Group LLC now owns 36,987 shares of the enterprise software provider’s stock valued at $2,087,000 after purchasing an additional 1,746 shares during the period. Clarus Wealth Advisors purchased a new position in shares of Oracle in the second quarter valued at approximately $238,000. BB&T Corp boosted its stake in shares of Oracle by 0.6% in the second quarter. BB&T Corp now owns 344,628 shares of the enterprise software provider’s stock valued at $19,634,000 after purchasing an additional 2,015 shares during the period. Finally, St. Johns Investment Management Company LLC boosted its stake in shares of Oracle by 2.0% in the second quarter. St. Johns Investment Management Company LLC now owns 15,203 shares of the enterprise software provider’s stock valued at $866,000 after purchasing an additional 291 shares during the period. 54.26% of the stock is owned by institutional investors.

NYSE:ORCL traded down $0.04 during mid-day trading on Friday, hitting $55.84. The stock had a trading volume of 12,644,400 shares, compared to its average volume of 10,684,940. The firm’s 50-day simple moving average is $57.41. The company has a market capitalization of $186.41 billion, a P/E ratio of 17.67, a PEG ratio of 1.63 and a beta of 1.15. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share 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 company had revenue of $11.14 billion for the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter last year, the company earned $0.99 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 3.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.72%. Oracle’s payout ratio is currently 30.38%.

In other Oracle news, CEO Mark V. Hurd sold 787,500 shares of the firm’s 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 sale, the chief executive officer now owns 874,871 shares of the company’s stock, valued at $49,246,488.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was 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 in the company, valued at approximately $10,127,149.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,356,250 shares of company stock worth $76,913,375. 32.00% of the stock is owned by corporate insiders.

Several research firms have recently commented on ORCL. Macquarie lowered shares of Oracle from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $56.00 to $55.00 in a research note on Tuesday, June 18th. They noted that the move was a valuation call. Morgan Stanley raised their price objective 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. BMO Capital Markets reissued a “market perform” rating and issued a $59.00 price objective (up previously from $53.00) on shares of Oracle in a research note on Thursday, June 20th. Goldman Sachs Group reissued a “buy” rating and issued a $58.00 price objective on shares of Oracle in a research note on Thursday, June 20th. Finally, KeyCorp reissued a “hold” rating on shares of Oracle in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have issued a buy rating to the company. Oracle has a consensus rating of “Hold” and an average price target of $54.58.

Oracle Profile

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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