Poplar Forest Capital LLC continued to hold its position in Oracle Corporation (NYSE:ORCL) during the first quarter, Holdings Channel reports. The firm owned 8,837 shares of the enterprise software provider’s stock at the end of the first quarter. Poplar Forest Capital LLC’s holdings in Oracle Corporation were worth $394,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ORCL. Integrated Investment Consultants LLC boosted its stake in Oracle Corporation by 8.3% in the first quarter. Integrated Investment Consultants LLC now owns 20,832 shares of the enterprise software provider’s stock worth $929,000 after buying an additional 1,592 shares during the period. Park National Corp OH boosted its stake in Oracle Corporation by 6.5% in the first quarter. Park National Corp OH now owns 40,918 shares of the enterprise software provider’s stock worth $1,826,000 after buying an additional 2,496 shares during the period. Toth Financial Advisory Corp boosted its stake in Oracle Corporation by 5.7% in the first quarter. Toth Financial Advisory Corp now owns 28,563 shares of the enterprise software provider’s stock worth $1,274,000 after buying an additional 1,539 shares during the period. Beacon Financial Group boosted its stake in Oracle Corporation by 5.6% in the first quarter. Beacon Financial Group now owns 50,276 shares of the enterprise software provider’s stock worth $2,246,000 after buying an additional 2,688 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Oracle Corporation by 16.2% in the fourth quarter. Macquarie Group Ltd. now owns 288,854 shares of the enterprise software provider’s stock worth $11,107,000 after buying an additional 40,221 shares during the period. 58.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Oracle Corporation (NYSE ORCL) traded up 0.112% on Wednesday, hitting $49.155. The company had a trading volume of 1,109,406 shares. The company has a market cap of $203.34 billion, a price-to-earnings ratio of 22.242 and a beta of 1.06. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85. The company has a 50 day moving average of $49.79 and a 200-day moving average of $45.06.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio is currently 34.55%.

TRADEMARK VIOLATION WARNING: This piece was posted by Daily Political and is the property of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/08/09/poplar-forest-capital-llc-has-394000-stake-in-oracle-corporation-orcl.html.

A number of research firms have commented on ORCL. BidaskClub cut Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 25th. KeyCorp restated a “buy” rating and issued a $61.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 18th. Finally, Bank of America Corporation reduced their price objective on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $50.70.

In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $45.25, for a total transaction of $169,687.50. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at approximately $374,715.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Kurian sold 750,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the transaction, the insider now directly owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,817,500 shares of company stock worth $91,547,388. 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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL).

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

Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with MarketBeat.com's FREE daily email newsletter.