Logan Capital Management Inc. lowered its position in Oracle Corporation (NYSE:ORCL) by 22.4% during the first quarter, Holdings Channel reports. The fund owned 72,005 shares of the enterprise software provider’s stock after selling 20,766 shares during the period. Logan Capital Management Inc.’s holdings in Oracle Corporation were worth $3,212,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Reilly Financial Advisors LLC boosted its position in shares of 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 worth $112,000 after buying an additional 200 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 2,300 shares during the period. Gradient Investments LLC boosted its position in shares of Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock worth $114,000 after buying an additional 1,132 shares during the period. TrimTabs Asset Management LLC boosted its position in shares of Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares during the period. Finally, Orrstown Financial Services Inc. boosted its position in shares of 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 worth $130,000 after buying an additional 1,372 shares during the period. 58.77% of the stock is owned by hedge funds and other institutional investors.

Oracle Corporation (NYSE ORCL) traded down 0.7768% during mid-day trading on Thursday, reaching $48.6789. The company’s stock had a trading volume of 2,245,426 shares. The firm’s 50 day moving average price is $50.11 and its 200 day moving average price is $45.32. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85. The firm has a market capitalization of $201.37 billion, a P/E ratio of 22.0267 and a beta of 1.06.

Oracle Corporation (NYSE:ORCL) last posted its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. During the same period last year, the company earned $0.81 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Oracle Corporation will post $2.96 EPS for the current fiscal year.

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

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A number of equities analysts recently commented on ORCL shares. Wedbush restated a “neutral” rating and set a $43.00 target price on shares of Oracle Corporation in a report on Thursday, April 13th. Benchmark Co. started coverage on Oracle Corporation in a report on Thursday, April 27th. They set a “buy” rating and a $55.00 target price for the company. Vetr cut Oracle Corporation from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a report on Thursday, May 4th. Societe Generale cut Oracle Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $51.00 to $50.00 in a report on Thursday, May 11th. Finally, Zacks Investment Research upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, May 16th. One 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 stock has a consensus rating of “Buy” and an average price target of $50.70.

In other Oracle Corporation news, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the transaction, the executive vice president now directly owns 177,988 shares in the company, valued at $9,146,803.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark V. Hurd sold 350,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $49.76, for a total value of $17,416,000.00. Following the transaction, the chief executive officer now owns 553,891 shares in the company, valued at $27,561,616.16. 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. Corporate insiders own 29.00% of the company’s stock.

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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