CENTRAL TRUST Co lowered its stake in shares of Oracle Corporation (NYSE:ORCL) by 3.7% during the third quarter, Holdings Channel reports. The fund owned 73,705 shares of the enterprise software provider’s stock after selling 2,851 shares during the period. CENTRAL TRUST Co’s holdings in Oracle Corporation were worth $2,895,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ORCL. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Oracle Corporation by 5,147.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,122,744 shares of the enterprise software provider’s stock worth $45,953,000 after buying an additional 1,101,346 shares during the period. First Quadrant L P CA boosted its stake in shares of Oracle Corporation by 87.2% in the third quarter. First Quadrant L P CA now owns 877,305 shares of the enterprise software provider’s stock worth $34,461,000 after buying an additional 408,705 shares during the period. Stralem & Co. Inc. boosted its stake in shares of Oracle Corporation by 22.7% in the third quarter. Stralem & Co. Inc. now owns 671,800 shares of the enterprise software provider’s stock worth $26,388,000 after buying an additional 124,144 shares during the period. Ngam Advisors L.P. boosted its stake in shares of Oracle Corporation by 9.2% in the second quarter. Ngam Advisors L.P. now owns 1,597,340 shares of the enterprise software provider’s stock worth $65,380,000 after buying an additional 134,154 shares during the period. Finally, ING Groep NV boosted its stake in shares of Oracle Corporation by 317.0% in the second quarter. ING Groep NV now owns 452,022 shares of the enterprise software provider’s stock worth $18,497,000 after buying an additional 343,626 shares during the period. 56.93% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Oracle Corporation (NYSE:ORCL) opened at 39.26 on Friday. The company’s 50-day moving average is $39.38 and its 200-day moving average is $39.87. Oracle Corporation has a 52-week low of $33.13 and a 52-week high of $42.00. The firm has a market cap of $161.06 billion, a P/E ratio of 18.74 and a beta of 1.17.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, December 15th. The enterprise software provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Oracle Corporation had a return on equity of 21.33% and a net margin of 23.69%. The business earned $9.07 billion during the quarter. During the same quarter last year, the business earned $0.63 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts forecast that Oracle Corporation will post $2.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 26th. Investors of record on Thursday, January 5th will be given a $0.15 dividend. The ex-dividend date is Tuesday, January 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. Oracle Corporation’s dividend payout ratio (DPR) is 28.99%.

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A number of equities research analysts have recently commented on ORCL shares. Rowe reduced their target price on shares of Oracle Corporation from $109.00 to $9.30 in a research report on Tuesday, November 8th. Societe Generale set a $46.00 target price on shares of Oracle Corporation and gave the company a “buy” rating in a research report on Monday, September 19th. SunTrust Banks, Inc. set a $48.00 target price on shares of Oracle Corporation 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 Corporation and gave the company a “buy” rating in a research report on Saturday, September 17th. Finally, DA Davidson restated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research report on Saturday, September 17th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Oracle Corporation has an average rating of “Buy” and a consensus price target of $44.15.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $39.06, for a total value of $146,475.00. Following the completion of the transaction, the director now owns 8,281 shares in the company, valued at approximately $323,455.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $38.72, for a total value of $1,742,400.00. Following the sale, the director now owns 52,654 shares of the company’s stock, valued at $2,038,762.88. The disclosure for this sale can be found here. 29.00% of the stock is owned by corporate insiders.

Oracle Corporation 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.

5 Day Chart for NYSE:ORCL

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