Cambiar Investors LLC Sells 265,582 Shares of Oracle Corporation (ORCL)

Cambiar Investors LLC decreased its holdings in Oracle Corporation (NYSE:ORCL) by 17.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,238,451 shares of the enterprise software provider’s stock after selling 265,582 shares during the period. Cambiar Investors LLC’s holdings in Oracle Corporation were worth $62,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Waldron LP boosted its position in shares of Oracle Corporation by 344.1% in the first quarter. Waldron LP now owns 34,947 shares of the enterprise software provider’s stock valued at $1,558,000 after acquiring an additional 27,077 shares during the period. Dubuque Bank & Trust Co. boosted its position in shares of Oracle Corporation by 3.2% in the first quarter. Dubuque Bank & Trust Co. now owns 156,884 shares of the enterprise software provider’s stock valued at $6,999,000 after acquiring an additional 4,839 shares during the period. Delta Asset Management LLC TN boosted its position in shares of Oracle Corporation by 0.6% in the first quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock valued at $335,000 after acquiring an additional 42 shares during the period. Duncker Streett & Co. Inc. boosted its position in shares of Oracle Corporation by 1.6% in the first quarter. Duncker Streett & Co. Inc. now owns 31,789 shares of the enterprise software provider’s stock valued at $1,418,000 after acquiring an additional 505 shares during the period. Finally, Granite Investment Partners LLC boosted its position in shares of Oracle Corporation by 1.6% in the first quarter. Granite Investment Partners LLC now owns 61,050 shares of the enterprise software provider’s stock valued at $2,723,000 after acquiring an additional 975 shares during the period. Hedge funds and other institutional investors own 57.83% of the company’s stock.

A number of equities analysts have recently commented on the stock. UBS AG restated a “buy” rating and issued a $57.00 price objective (up from $52.00) on shares of Oracle Corporation in a research report on Friday, September 15th. Barclays PLC raised their price objective on shares of Oracle Corporation from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price objective on shares of Oracle Corporation and gave the company a “buy” rating in a research report on Friday, September 15th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Oracle Corporation in a research report on Friday, September 15th. Finally, Jefferies Group LLC raised their price objective on shares of Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $53.37.

Shares of Oracle Corporation (NYSE ORCL) opened at 48.40 on Monday. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The company has a 50-day moving average price of $49.52 and a 200-day moving average price of $47.52. The company has a market capitalization of $201.98 billion, a P/E ratio of 21.05 and a beta of 1.05.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. 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 (DPR) is currently 33.19%.

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In other news, EVP Dorian Daley sold 25,776 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total value of $1,238,536.80. Following the transaction, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 1,055,776 shares of company stock worth $52,673,112 in the last three months. 29.00% of the stock is currently owned by corporate insiders.

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.

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

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