Foundations Investment Advisors LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 5.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,077 shares of the enterprise software provider’s stock after selling 413 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Oracle were worth $507,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Steward Financial Group LLC acquired a new stake in shares of Oracle during the 1st quarter valued at about $33,000. Ulland Investment Advisors LLC increased its position in Oracle by 469.0% in the 1st quarter. Ulland Investment Advisors LLC now owns 404 shares of the enterprise software provider’s stock worth $33,000 after buying an additional 333 shares during the period. Bivin & Associates Inc. acquired a new stake in shares of Oracle during the 4th quarter worth approximately $35,000. Western Pacific Wealth Management LP acquired a new stake in shares of Oracle during the 4th quarter worth approximately $43,000. Finally, Life Planning Partners Inc acquired a new stake in Oracle in the 4th quarter valued at $44,000. 41.92% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Oracle
In other news, insider Edward Screven sold 419,174 shares of the stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Edward Screven sold 419,174 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the transaction, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total value of $66,870,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The disclosure for this sale can be found here. Insiders sold a total of 2,399,174 shares of company stock valued at $164,289,224 over the last ninety days. 39.10% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Oracle Stock Performance
ORCL stock opened at $68.83 on Friday. The stock’s 50 day simple moving average is $75.12 and its 200 day simple moving average is $74.84. Oracle Co. has a fifty-two week low of $63.76 and a fifty-two week high of $106.34. The company has a market cap of $185.54 billion, a P/E ratio of 32.78, a price-to-earnings-growth ratio of 2.09 and a beta of 0.87.
Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings results on Monday, September 12th. The enterprise software provider reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. The firm had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.44 billion. During the same period last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. Equities analysts predict that Oracle Co. will post 4.17 earnings per share for the current year.
Oracle Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Wednesday, October 12th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, October 11th. Oracle’s dividend payout ratio (DPR) is presently 60.95%.
Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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