Cyrus J. Lawrence LLC Has $486,000 Holdings in Oracle Corporation $ORCL

Key Points

• Cyrus J. Lawrence LLC reduced its holdings in Oracle Corporation by 94.2% during the 1st quarter, ending with a total of 3,498 shares worth $486,000.
• Oracle's most recent quarterly earnings showed earnings per share of $1.70, exceeding the expected $1.64, alongside a revenue of $15.90 billion which was above consensus estimates.
• The company recently declared a $0.50 quarterly dividend, resulting in an annualized dividend yield of 0.9%.

Cyrus J. Lawrence LLC lessened its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 94.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,498 shares of the enterprise software provider's stock after selling 57,336 shares during the quarter. Oracle accounts for approximately 1.8% of Cyrus J. Lawrence LLC's holdings, making the stock its 29th largest holding. Cyrus J. Lawrence LLC's holdings in Oracle were worth $486,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ORCL. Brighton Jones LLC grew its holdings in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares in the last quarter. Accredited Wealth Management LLC bought a new position in shares of Oracle in the 4th quarter valued at about $753,000. Absoluto Partners Gestao de Recursos Ltda bought a new position in Oracle during the fourth quarter worth about $1,499,000. Finally, Atalanta Sosnoff Capital LLC grew its holdings in Oracle by 57.7% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 234,230 shares of the enterprise software provider's stock worth $39,032,000 after purchasing an additional 85,694 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 6.0%

Shares of ORCL stock opened at $225.97 on Friday. The firm has a 50 day moving average price of $237.90 and a two-hundred day moving average price of $184.93. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $634.72 billion, a PE ratio of 52.07, a price-to-earnings-growth ratio of 3.37 and a beta of 1.43. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.63 earnings per share. As a group, analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock valued at $86,521,198 in the last quarter. Company insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ORCL shares. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. UBS Group lifted their price target on Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. CIBC reiterated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Finally, Jefferies Financial Group lifted their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $227.04.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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