Aviance Capital Partners LLC Sells 280 Shares of Oracle Corporation (ORCL)

Aviance Capital Partners LLC cut its stake in Oracle Corporation (NYSE:ORCL) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,370 shares of the enterprise software provider’s stock after selling 280 shares during the period. Aviance Capital Partners LLC’s holdings in Oracle Corporation were worth $470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Hudock Capital Group LLC raised its holdings in shares of Oracle Corporation by 0.3% in the 1st quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock worth $178,000 after buying an additional 10 shares in the last quarter. Alpha Windward LLC raised its holdings in shares of Oracle Corporation by 0.3% in the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock worth $279,000 after buying an additional 19 shares in the last quarter. Delta Asset Management LLC TN raised its holdings in shares of Oracle Corporation by 0.6% in the 1st quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock worth $335,000 after buying an additional 42 shares in the last quarter. Pointe Capital Management LLC raised its holdings in shares of Oracle Corporation by 0.4% in the 1st quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock worth $524,000 after buying an additional 45 shares in the last quarter. Finally, Bell Bank raised its holdings in shares of Oracle Corporation by 0.9% in the 1st quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock worth $271,000 after buying an additional 57 shares in the last quarter. 58.67% of the stock is owned by institutional investors and hedge funds.

In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at approximately $807,831.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Thomas Kurian sold 750,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the completion of the sale, the insider now owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,817,500 shares of company stock valued at $91,560,925. Company insiders own 29.00% of the company’s stock.

WARNING: This report was posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://transcriptdaily.com/2017/09/13/aviance-capital-partners-llc-sells-280-shares-of-oracle-corporation-orcl.html.

A number of equities analysts have recently issued reports on the company. UBS AG reissued a “buy” rating and issued a $52.00 target price (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. Royal Bank Of Canada increased their target price on Oracle Corporation from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets increased their target price on Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 22nd. Wedbush raised Oracle Corporation from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $56.00 to $44.00 in a report on Thursday, June 22nd. Finally, Moffett Nathanson assumed coverage on Oracle Corporation in a report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $51.63.

Oracle Corporation (NYSE ORCL) traded down 0.11% during mid-day trading on Wednesday, hitting $52.71. The company had a trading volume of 7,792,353 shares. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $52.98. The company’s 50 day moving average price is $49.91 and its 200-day moving average price is $46.85. The firm has a market capitalization of $218.04 billion, a PE ratio of 23.85 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. During the same quarter last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts forecast that Oracle Corporation will post $2.95 EPS for the current fiscal year.

About Oracle Corporation

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL).

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

Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply