Fort Point Capital Partners LLC reduced its position in shares of Oracle Corporation (NYSE:ORCL) by 0.1% during the first quarter, Holdings Channel reports. The fund owned 66,645 shares of the enterprise software provider’s stock after selling 73 shares during the period. Oracle Corporation accounts for approximately 1.5% of Fort Point Capital Partners LLC’s portfolio, making the stock its 14th largest position. Fort Point Capital Partners LLC’s holdings in Oracle Corporation were worth $2,973,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reilly Financial Advisors LLC boosted its stake 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 stake 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 stake 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 stake 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 stake 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. Institutional investors and hedge funds own 58.77% of the company’s stock.

Shares of Oracle Corporation (NYSE ORCL) traded up 0.29% during midday trading on Friday, hitting $48.24. The stock had a trading volume of 11,704,784 shares. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85. The firm has a market cap of $199.55 billion, a price-to-earnings ratio of 21.83 and a beta of 1.06. The company’s 50-day moving average price is $50.10 and its 200-day moving average price is $45.40.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (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 company had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same period in the previous year, the business earned $0.81 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Oracle Corporation will post $2.96 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders 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 dividend payout ratio (DPR) is currently 34.55%.

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ORCL has been the subject of a number of research analyst reports. Benchmark Co. initiated coverage on Oracle Corporation in a research report on Thursday, April 27th. They issued 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 research report on Thursday, May 4th. Societe Generale cut Oracle Corporation from a “buy” rating to a “hold” rating and decreased their target price for the company from $51.00 to $50.00 in a research report on Thursday, May 11th. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, May 16th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $52.00 target price on shares of Oracle Corporation in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, twelve have assigned 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 Michael J. Boskin sold 150,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $50.69, for a total transaction of $7,603,500.00. Following the sale, the director now directly owns 99,454 shares of the company’s stock, valued at approximately $5,041,323.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the director now directly owns 8,281 shares in the company, valued at $374,715.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,817,500 shares of company stock worth $91,547,388. Company insiders own 29.00% of the company’s stock.

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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