Today: The Calamos Wealth Management LLC decreases its position in Oracle Corp. (ORCL)

The Calamos Wealth Management LLC decreases its position in Oracle Corp. (ORCL)

Calamos Wealth Management LLC lowered its stake in Oracle Corp. (NYSE:ORCL) by 89.8% during the second quarter, Holdings Channel reports. The firm owned 5,207 shares of the enterprise software provider’s stock after selling 45,891 shares during the period. Calamos Wealth Management LLC’s holdings in Oracle Corp. were worth $213,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cribstone Capital Management LLC purchased a new position in shares of Oracle Corp. during the second quarter valued at $102,000. FCM Investments TX boosted its position in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares during the last quarter. Ironwood Financial llc bought a new position in Oracle Corp. during the first quarter worth approximately $147,000. Gardner Russo & Gardner LLC bought a new position in Oracle Corp. during the first quarter worth approximately $205,000. Finally, Natixis bought a new position in Oracle Corp. during the first quarter worth approximately $230,000. 58.24% of the stock is currently owned by institutional investors.

Oracle Corp. (NYSE:ORCL) traded down 0.05% during trading on Thursday, hitting $38.03. The stock had a trading volume of 14,118,062 shares. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The company has a 50 day moving average of $39.88 and a 200-day moving average of $40.26. The company has a market cap of $156.13 billion, a P/E ratio of 18.07 and a beta of 1.23.

Oracle Corp. (NYSE:ORCL) last announced its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $8.60 billion for the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities analysts predict that Oracle Corp. will post $2.63 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.

A number of research analysts have commented on the stock. Citigroup Inc. reaffirmed a “hold” rating on shares of Oracle Corp. in a research report on Saturday, June 18th. DA Davidson reaffirmed a “buy” rating and issued a $52.00 target price on shares of Oracle Corp. in a research report on Saturday, September 17th. SunTrust Banks Inc. set a $48.00 target price on shares of Oracle Corp. and gave the company a “buy” rating in a research report on Saturday, September 17th. Rosenblatt Securities set a $48.00 target price on shares of Oracle Corp. and gave the company a “buy” rating in a research report on Saturday, September 17th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $45.00 target price on shares of Oracle Corp. in a research report on Friday, June 17th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-six have assigned a buy rating to the company. Oracle Corp. has an average rating of “Hold” and a consensus price target of $46.26.

In related news, EVP John F. Fowler sold 500,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the transaction, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $41.78, for a total value of $156,675.00. Following the transaction, the director now directly owns 8,281 shares in the company, valued at $345,980.18. The disclosure for this sale can be found here. Insiders own 29.00% of the company’s stock.

Oracle Corp. 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.

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