Advisors Asset Management Inc. cut its stake in shares of Oracle Corporation (NYSE:ORCL) by 77.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,978 shares of the enterprise software provider’s stock after selling 20,062 shares during the period. Advisors Asset Management Inc.’s holdings in Oracle Corporation were worth $267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Oracle Corporation by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock valued at $110,000 after buying an additional 107,202 shares during the last quarter. Reilly Financial Advisors LLC raised its position in Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 200 shares during the last quarter. Gradient Investments LLC raised its position in Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock valued at $114,000 after buying an additional 1,132 shares during the last quarter. Orrstown Financial Services Inc. raised its position in Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock valued at $130,000 after buying an additional 1,372 shares during the last quarter. Finally, Zions Bancorporation raised its position in Oracle Corporation by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock valued at $152,000 after buying an additional 36 shares during the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

Oracle Corporation (ORCL) opened at 50.56 on Monday. The stock has a market capitalization of $209.15 billion, a price-to-earnings ratio of 22.88 and a beta of 1.07. The firm has a 50-day moving average of $46.11 and a 200-day moving average of $43.14. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The business had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same quarter last year, the company posted $0.81 EPS. Oracle Corporation’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.

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ORCL has been the subject of a number of recent research reports. Benchmark Co. initiated coverage on shares of Oracle Corporation in a research note on Thursday, April 27th. They issued a “buy” rating and a $55.00 price target for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Oracle Corporation in a research note on Friday, May 19th. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Tuesday, May 16th. Vetr upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Thursday, May 11th. Finally, Rosenblatt Securities lifted their price target on shares of Oracle Corporation from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.52.

In related news, CEO Safra Catz sold 394,081 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $45.01, for a total value of $17,737,585.81. Following the completion of the transaction, the chief executive officer now owns 855,941 shares in the company, valued at approximately $38,525,904.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Chizen sold 206,250 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $49.75, for a total value of $10,260,937.50. Following the completion of the transaction, the director now owns 63,985 shares of the company’s stock, valued at approximately $3,183,253.75. The disclosure for this sale can be found here. Insiders sold a total of 1,561,351 shares of company stock valued at $75,910,784 in the last quarter. 29.00% of the stock is currently 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.

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

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