Oppenheimer Asset Management Inc. purchased a new position in shares of Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 159,596 shares of the enterprise software provider’s stock, valued at approximately $7,120,000.

Several other hedge funds have also recently made changes to their positions in the stock. Hudock Capital Group LLC raised its stake in shares of Oracle Corporation by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock worth $178,000 after buying an additional 10 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of Oracle Corporation by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock worth $257,000 after buying an additional 38 shares during the last quarter. Delta Asset Management LLC TN raised its stake in shares of Oracle Corporation by 0.6% in the first quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock worth $335,000 after buying an additional 42 shares during the last quarter. Bell Bank raised its stake in shares of Oracle Corporation by 0.9% in the first quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock worth $271,000 after buying an additional 57 shares during the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in shares of Oracle Corporation by 0.4% in the first quarter. Carroll Financial Associates Inc. now owns 17,268 shares of the enterprise software provider’s stock worth $770,000 after buying an additional 74 shares during the last quarter. 58.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Oracle Corporation (ORCL) traded up 0.42% during mid-day trading on Friday, reaching $48.30. The company had a trading volume of 4,403,910 shares. The stock has a market capitalization of $199.80 billion, a P/E ratio of 21.86 and a beta of 1.06. The firm has a 50 day moving average of $50.16 and a 200-day moving average of $45.34. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85.

Oracle Corporation (NYSE:ORCL) last released 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. The company had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. Oracle Corporation’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. Analysts forecast 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. Investors of record on Wednesday, July 19th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 annualized dividend and a yield of 1.58%. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.

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A number of equities analysts recently commented on ORCL shares. UBS AG reaffirmed a “buy” rating and issued a $52.00 price objective (up from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. BMO Capital Markets lifted their price objective on Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Wedbush raised Oracle Corporation from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $56.00 to $44.00 in a research note on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a research note on Friday, May 19th. Finally, Royal Bank Of Canada lifted their price objective on Oracle Corporation from $47.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the company. Oracle Corporation has an average rating of “Buy” and a consensus price target of $50.70.

In related news, CEO Mark V. Hurd sold 350,000 shares of Oracle Corporation stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the transaction, the chief executive officer now directly owns 553,891 shares in the company, valued at $27,561,616.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction on Monday, June 26th. The shares were sold at an average price of $51.39, for a total value of $7,708,500.00. Following the transaction, the executive vice president now owns 177,988 shares in the company, valued at $9,146,803.32. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock worth $91,547,388 over the last quarter. 29.00% of the stock is owned by company insiders.

About Oracle Corporation

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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