Oracle Co. (NYSE:ORCL) Stake Decreased by Raub Brock Capital Management LP

Raub Brock Capital Management LP lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,784 shares of the enterprise software provider’s stock after selling 2,110 shares during the period. Oracle makes up approximately 4.2% of Raub Brock Capital Management LP’s portfolio, making the stock its 6th biggest holding. Raub Brock Capital Management LP’s holdings in Oracle were worth $19,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ballentine Partners LLC grew its position in Oracle by 4.6% during the second quarter. Ballentine Partners LLC now owns 30,892 shares of the enterprise software provider’s stock worth $4,362,000 after buying an additional 1,346 shares during the period. Caprock Group LLC grew its holdings in shares of Oracle by 51.8% in the 2nd quarter. Caprock Group LLC now owns 86,477 shares of the enterprise software provider’s stock worth $12,211,000 after acquiring an additional 29,523 shares during the period. Anchor Capital Advisors LLC increased its stake in Oracle by 29.9% in the 2nd quarter. Anchor Capital Advisors LLC now owns 6,075 shares of the enterprise software provider’s stock valued at $858,000 after purchasing an additional 1,400 shares in the last quarter. Certuity LLC increased its stake in Oracle by 7.7% in the 2nd quarter. Certuity LLC now owns 10,962 shares of the enterprise software provider’s stock valued at $1,548,000 after purchasing an additional 779 shares in the last quarter. Finally, Kerusso Capital Management LLC acquired a new position in Oracle during the second quarter worth $3,637,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 0.6 %

ORCL stock traded down $0.80 on Friday, hitting $141.81. 11,154,796 shares of the company were exchanged, compared to its average volume of 8,056,655. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The stock has a market capitalization of $390.81 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The business’s fifty day moving average is $138.72 and its two-hundred day moving average is $128.47.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 earnings per share. As a group, research analysts forecast that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.13%. Oracle’s payout ratio is 43.13%.

Analyst Ratings Changes

ORCL has been the topic of several research reports. Stifel Nicolaus upped their target price on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. Evercore ISI increased their price objective on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. DA Davidson reiterated a “neutral” rating and issued a $105.00 price target on shares of Oracle in a research report on Wednesday, June 12th. Finally, KeyCorp raised their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.87.

Insiders Place Their Bets

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last ninety days. 42.80% of the stock is owned by company insiders.

Oracle Company Profile

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 Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.