Saturna Capital CORP decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 667,278 shares of the enterprise software provider’s stock after selling 2,000 shares during the period. Saturna Capital CORP’s holdings in Oracle Corporation were worth $29,767,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Macquarie Group Ltd. boosted its position in shares of 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. Park National Corp OH boosted its position in shares of 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. Integrated Investment Consultants LLC boosted its position in shares of 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. Capital Investment Services of America Inc. boosted its position in shares of Oracle Corporation by 1.6% in the first quarter. Capital Investment Services of America Inc. now owns 320,844 shares of the enterprise software provider’s stock worth $14,313,000 after buying an additional 4,983 shares during the period. Finally, Bonness Enterprises Inc. acquired a new position in shares of Oracle Corporation during the first quarter worth $1,816,000. Institutional investors 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. 11,704,784 shares of the company were exchanged. The stock has a market cap of $199.55 billion, a PE ratio of 21.83 and a beta of 1.06. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85. The stock’s 50-day moving average is $50.10 and its 200-day moving average is $45.40.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating 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 net margin of 24.74% and a return on equity of 20.90%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS. Equities research analysts anticipate that Oracle Corporation will post $2.96 EPS for the current year.

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

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A number of research analysts have recently weighed in on the stock. KeyCorp reissued a “buy” rating and set a $61.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 18th. MKM Partners reissued a “neutral” rating and set a $48.00 price objective (up from $45.00) on shares of Oracle Corporation in a research note on Friday, June 23rd. Cowen and Company reissued an “outperform” rating and set a $55.00 price objective (up from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. Bank of America Corporation reissued a “buy” rating and set a $62.00 price objective (up from $54.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. Finally, Deutsche Bank AG raised their price objective on shares of Oracle Corporation from $44.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, June 22nd. One investment 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. Oracle Corporation currently has a consensus rating of “Buy” and a consensus price target of $50.70.

In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the sale, the insider now owns 783,533 shares in the company, valued at approximately $39,537,075.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $17,416,000.00. Following the completion of the sale, the chief executive officer now owns 553,891 shares of the company’s stock, valued at approximately $27,561,616.16. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock valued at $91,547,388 in the last 90 days. 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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