Whittier Trust Co. of Nevada Inc. raised its stake in shares of Oracle Corporation (NYSE:ORCL) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,593 shares of the enterprise software provider’s stock after buying an additional 4,195 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Oracle Corporation were worth $7,248,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Hudock Capital Group LLC increased its position 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 valued at $178,000 after buying an additional 10 shares in the last quarter. Alpha Windward LLC increased its position in shares of Oracle Corporation by 0.3% in the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after buying an additional 19 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position 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 valued at $257,000 after buying an additional 38 shares in the last quarter. Delta Asset Management LLC TN increased its position 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 valued at $335,000 after buying an additional 42 shares in the last quarter. Finally, Pointe Capital Management LLC increased its position in shares of Oracle Corporation by 0.4% in the first quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock valued at $524,000 after buying an additional 45 shares in the last quarter. Institutional investors own 58.77% of the company’s stock.

Oracle Corporation (NYSE ORCL) traded up 0.46% during mid-day trading on Friday, hitting $48.32. 6,850,262 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $50.16 and its 200-day moving average price is $45.34. The stock has a market cap of $199.88 billion, a PE ratio of 21.86 and a beta of 1.06. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85.

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, topping the consensus estimate of $0.78 by $0.11. The firm had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. On average, analysts forecast that Oracle Corporation will post $2.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s payout ratio is 34.55%.

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

In related news, CEO Mark V. Hurd sold 350,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 553,891 shares in the company, valued at $27,561,616.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the sale, the insider now 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. In the last 90 days, insiders have sold 1,817,500 shares of company stock valued at $91,547,388. 29.00% of the stock is owned by company 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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