DE Burlo Group Inc. purchased a new position in shares of Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,600 shares of the enterprise software provider’s stock, valued at approximately $205,000.

Other hedge funds also recently made changes to their positions 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. Gradient Investments LLC increased its position in 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. Orrstown Financial Services Inc. increased its position in 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. Clean Yield Group purchased a new position in Oracle Corporation during the first quarter worth $131,000. Finally, Pinnacle Bank purchased a new position in Oracle Corporation during the first quarter worth $160,000. 58.79% of the stock is owned by institutional investors.

Shares of Oracle Corporation (NYSE ORCL) traded up 0.14% during midday trading on Friday, hitting $48.62. The stock had a trading volume of 10,248,442 shares. The stock has a market cap of $201.13 billion, a PE ratio of 22.00 and a beta of 1.06. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85. The firm has a 50 day moving average price of $49.83 and a 200-day moving average price of $45.71.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. The firm had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. Oracle Corporation’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.81 EPS. Equities analysts predict that Oracle Corporation will post $2.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio is presently 34.55%.

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Several research firms have recently commented on ORCL. UBS AG reissued a “buy” rating and issued a $52.00 price objective (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. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Friday. BidaskClub downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $54.00 price target on shares of Oracle Corporation in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.81.

In related 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 transaction, the insider now directly owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $44.57, for a total transaction of $167,137.50. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at $807,831.25. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock worth $91,560,925 over the last ninety days. 29.00% of the stock is currently owned by corporate 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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