Gamble Jones Investment Counsel Reduces Position in Oracle Corporation (ORCL)

Gamble Jones Investment Counsel decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,393 shares of the enterprise software provider’s stock after selling 727 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Oracle Corporation were worth $1,323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Baystate Wealth Management LLC boosted its holdings in Oracle Corporation by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 206 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Oracle Corporation by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares during the period. State of Alaska Department of Revenue acquired a new position in Oracle Corporation in the 2nd quarter worth approximately $129,000. Cribstone Capital Management LLC boosted its stake in Oracle Corporation by 5.0% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock worth $131,000 after purchasing an additional 124 shares during the period. Finally, TrimTabs Asset Management LLC boosted its stake in Oracle Corporation by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares during the period. Hedge funds and other institutional investors own 57.83% of the company’s stock.

Oracle Corporation (NYSE:ORCL) opened at 48.28 on Thursday. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The firm’s 50-day moving average price is $49.47 and its 200-day moving average price is $47.61. The stock has a market cap of $201.48 billion, a P/E ratio of 21.00 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts predict that Oracle Corporation will post $2.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is presently 33.19%.

In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the transaction, the insider now directly owns 783,533 shares in the company, valued at approximately $39,537,075.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $50.30, for a total value of $188,625.00. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at $911,687.50. The disclosure for this sale can be found here. Insiders sold a total of 1,055,776 shares of company stock worth $52,673,112 in the last ninety days. 29.00% of the stock is owned by corporate insiders.

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A number of equities analysts recently commented on ORCL shares. BidaskClub lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 target price on shares of Oracle Corporation in a research report on Tuesday, June 20th. Rosenblatt Securities reiterated a “buy” rating and issued a $55.00 target price on shares of Oracle Corporation in a research report on Wednesday, June 21st. BMO Capital Markets increased their target price on shares of Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, June 22nd. Finally, Wedbush upgraded shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $56.00 to $44.00 in a research report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $53.37.

Oracle Corporation Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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