Sumitomo Mitsui Asset Management Company LTD reduced its holdings in shares of Oracle Corporation (NYSE:ORCL) by 41.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 242,841 shares of the enterprise software provider’s stock after selling 173,629 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Oracle Corporation were worth $12,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Hudock Capital Group LLC boosted its holdings in shares of Oracle Corporation by 0.3% in the 1st 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 during the last quarter. Alpha Windward LLC boosted its holdings in shares of Oracle Corporation by 0.3% in the 2nd 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 during the last quarter. Delta Asset Management LLC TN boosted its holdings in shares of Oracle Corporation by 0.6% in the 1st 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 during the last quarter. Pointe Capital Management LLC boosted its holdings in shares of Oracle Corporation by 0.4% in the 1st 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 during the last quarter. Finally, Bell Bank boosted its holdings in shares of Oracle Corporation by 0.9% in the 1st quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock valued at $271,000 after buying an additional 57 shares during the last quarter. 58.67% of the stock is owned by institutional investors.

In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 783,533 shares in the company, valued at approximately $39,537,075.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $48.86, for a total value of $183,225.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $885,587.50. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock worth $91,582,600 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.

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Oracle Corporation (NYSE ORCL) opened at 48.74 on Friday. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. The company has a market cap of $201.62 billion, a PE ratio of 22.05 and a beta of 1.05. The firm has a 50-day moving average price of $49.96 and a 200-day moving average price of $46.98.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. On average, analysts forecast that Oracle Corporation will post $2.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Oracle Corporation’s dividend payout ratio is currently 34.55%.

ORCL has been the subject of several recent analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a report on Friday, May 19th. Zacks Investment Research downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Canaccord Genuity reissued a “buy” rating and issued a $49.00 price objective on shares of Oracle Corporation in a report on Friday, May 26th. OTR Global raised Oracle Corporation to a “positive” rating in a report on Thursday, June 8th. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 price objective on Oracle Corporation and gave the company a “buy” rating in a report on Monday, June 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $52.39.

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.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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