Alpha Cubed Investments LLC Lowers Stock Holdings in Oracle Co. (NYSE:ORCL)

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Alpha Cubed Investments LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,190 shares of the enterprise software provider’s stock after selling 192 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Oracle were worth $2,518,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ORCL. Evolution Wealth Advisors LLC lifted its stake in Oracle by 346.0% in the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after buying an additional 346 shares during the period. Investors Research Corp acquired a new position in Oracle in the first quarter valued at about $30,000. Covenant Multifamily Offices LLC bought a new stake in shares of Oracle in the first quarter worth about $35,000. ERTS Wealth Advisors LLC bought a new stake in shares of Oracle in the fourth quarter worth about $36,000. Finally, Clarfeld Financial Advisors LLC bought a new stake in shares of Oracle in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 54.23% of the company’s stock.

Shares of ORCL stock opened at $52.59 on Friday. The firm has a market capitalization of $177.57 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.55 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 stock’s fifty day simple moving average is $57.17 and its 200 day simple moving average is $54.29. 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 announced its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.18. The firm had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. As a group, equities research analysts expect that Oracle Co. will post 3.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Tuesday, July 16th. Oracle’s dividend payout ratio is 30.38%.

ORCL has been the subject of a number of research reports. William Blair reiterated a “market perform” rating on shares of Oracle in a report on Thursday, June 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 price objective on shares of Oracle in a research report on Tuesday, June 18th. Barclays lifted their price target on Oracle from $55.00 to $59.00 and gave the stock an “equal weight” rating in a report on Thursday, June 20th. ValuEngine cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Macquarie cut Oracle from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $56.00 to $55.00 in a report on Tuesday, June 18th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $54.76.

In other Oracle news, EVP Dorian Daley sold 100,000 shares of the business’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 completion of the sale, the executive vice president now directly owns 177,919 shares of the company’s stock, valued at approximately $10,127,149.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $59.52, for a total value of $5,356,800.00. Following the sale, the director now directly owns 82,310 shares of the company’s stock, valued at $4,899,091.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,352,500 shares of company stock worth $76,708,925. 32.00% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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