Steward Partners Investment Advisory LLC Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Steward Partners Investment Advisory LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 66,758 shares of the enterprise software provider’s stock after selling 4,542 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Oracle were worth $3,803,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Evolution Wealth Advisors LLC grew its stake in Oracle by 346.0% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock worth $25,000 after buying an additional 346 shares during the last quarter. Investors Research Corp purchased a new position in Oracle during the 1st quarter worth $30,000. Covenant Multifamily Offices LLC purchased a new position in Oracle during the 1st quarter worth $35,000. Contravisory Investment Management Inc. purchased a new position in Oracle during the 1st quarter worth $44,000. Finally, Exane Derivatives purchased a new position in Oracle during the 1st quarter worth $46,000. Hedge funds and other institutional investors own 54.26% of the company’s stock.

ORCL has been the subject of a number of research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $59.00 price target (up previously from $53.00) on shares of Oracle in a research report on Thursday, June 20th. ValuEngine cut Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co lifted their price target on Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. KeyCorp reaffirmed a “hold” rating on shares of Oracle in a research report on Thursday, June 20th. Finally, UBS Group reaffirmed a “neutral” rating and set a $54.00 price target on shares of Oracle in a research report on Friday, June 14th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and nine have assigned a buy rating to the company’s stock. Oracle presently has an average rating of “Hold” and an average target price of $54.58.

Shares of ORCL stock traded down $0.76 on Wednesday, hitting $53.20. The company had a trading volume of 390,577 shares, compared to its average volume of 10,625,214. The stock has a market capitalization of $186.27 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.63 and a beta of 1.15. The company’s 50-day simple moving average is $57.54. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.18. The business had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. As a group, sell-side analysts predict that Oracle Co. will post 3.5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were issued a $0.24 dividend. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.80%. Oracle’s dividend payout ratio (DPR) is presently 30.38%.

In other news, CAO W Corey West sold 50,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $56.25, for a total value of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now owns 85,348 shares of the company’s stock, valued at approximately $4,800,825. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $56.92, for a total value of $5,692,000.00. Following the completion of the transaction, 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. In the last three months, insiders sold 1,356,250 shares of company stock valued at $76,913,375. Insiders own 32.00% of the company’s stock.

About Oracle

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.

Further Reading: How much can an individual set aside as a catch-up contribution?

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.