Occidental Asset Management LLC Has $698,000 Holdings in Oracle Co. (NYSE:ORCL)

Occidental Asset Management LLC decreased its position in Oracle Co. (NYSE:ORCL) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,259 shares of the enterprise software provider’s stock after selling 664 shares during the period. Occidental Asset Management LLC’s holdings in Oracle were worth $698,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Appleton Partners Inc. MA increased its stake in Oracle by 2.9% in the second quarter. Appleton Partners Inc. MA now owns 6,170 shares of the enterprise software provider’s stock valued at $351,000 after purchasing an additional 173 shares in the last quarter. Northern Oak Wealth Management Inc. increased its position in shares of Oracle by 14.8% during the second quarter. Northern Oak Wealth Management Inc. now owns 1,378 shares of the enterprise software provider’s stock worth $78,000 after acquiring an additional 178 shares in the last quarter. Wedgewood Investors Inc. PA increased its position in shares of Oracle by 4.1% during the first quarter. Wedgewood Investors Inc. PA now owns 4,650 shares of the enterprise software provider’s stock worth $250,000 after acquiring an additional 185 shares in the last quarter. Slow Capital Inc. increased its position in shares of Oracle by 1.1% during the second quarter. Slow Capital Inc. now owns 17,403 shares of the enterprise software provider’s stock worth $991,000 after acquiring an additional 197 shares in the last quarter. Finally, Field & Main Bank increased its position in shares of Oracle by 5.7% during the second quarter. Field & Main Bank now owns 3,709 shares of the enterprise software provider’s stock worth $211,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 54.23% of the company’s stock.

Several research firms have recently commented on ORCL. Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday, May 15th. ValuEngine downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group boosted their target price on shares of Oracle from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Macquarie downgraded shares of Oracle from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $53.00 target price on shares of Oracle in a research report on Tuesday, June 18th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.76.

ORCL traded up $0.16 during midday trading on Thursday, reaching $52.48. The company had a trading volume of 7,517,649 shares, compared to its average volume of 10,297,502. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $177.57 billion, a PE ratio of 16.61, a PEG ratio of 1.55 and a beta of 1.15. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $60.50. The business’s 50-day moving average price is $57.26.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.18. The firm had revenue of $11.14 billion for the quarter, compared to analysts’ expectations of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. Analysts anticipate that Oracle Co. will post 3.5 EPS for the current year.

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

In related news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.92, for a total transaction of $5,692,000.00. Following the sale, the executive vice president now directly owns 177,919 shares in the company, valued at approximately $10,127,149.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the sale, the director now owns 82,310 shares in the company, valued at $4,899,091.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,352,500 shares of company stock worth $76,708,925. Corporate 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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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