CenturyLink Investment Management Co decreased its holdings in Oracle Corporation (NYSE:ORCL) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,733 shares of the enterprise software provider’s stock after selling 1,579 shares during the quarter. CenturyLink Investment Management Co’s holdings in Oracle Corporation were worth $1,140,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of Oracle Corporation by 3.1% in the 2nd quarter. Bank of Montreal Can now owns 3,738,672 shares of the enterprise software provider’s stock valued at $187,459,000 after buying an additional 113,071 shares in the last quarter. Cobiz Wealth LLC raised its stake in shares of Oracle Corporation by 38.5% in the 2nd quarter. Cobiz Wealth LLC now owns 147,909 shares of the enterprise software provider’s stock valued at $7,416,000 after buying an additional 41,087 shares in the last quarter. Family Legacy Inc. raised its stake in shares of Oracle Corporation by 0.4% in the 2nd quarter. Family Legacy Inc. now owns 31,474 shares of the enterprise software provider’s stock valued at $1,578,000 after buying an additional 138 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of Oracle Corporation by 3.0% in the 2nd quarter. Capital Investment Advisors LLC now owns 81,272 shares of the enterprise software provider’s stock valued at $4,075,000 after buying an additional 2,356 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Oracle Corporation by 2.7% in the 2nd quarter. Private Trust Co. NA now owns 43,748 shares of the enterprise software provider’s stock valued at $2,193,000 after buying an additional 1,151 shares in the last quarter. Institutional investors own 58.65% of the company’s stock.

Several equities research analysts have recently weighed in on ORCL shares. BidaskClub lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. BTIG Research reaffirmed a “buy” rating and issued a $58.00 target price on shares of Oracle Corporation in a report on Tuesday, September 19th. Credit Suisse Group reaffirmed an “overweight” rating and issued a $62.00 target price on shares of Oracle Corporation in a report on Monday, September 18th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $62.50 target price on shares of Oracle Corporation in a report on Monday, September 18th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $62.00 target price on shares of Oracle Corporation in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $53.33.

In other news, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the sale, the director now owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Insiders have sold a total of 1,562,500 shares of company stock worth $78,431,950 over the last 90 days. Insiders own 29.00% of the company’s stock.

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Oracle Corporation (NYSE ORCL) traded down 0.37% during trading on Monday, hitting $47.98. 7,415,971 shares of the company traded hands. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $53.14. The stock has a 50-day moving average price of $49.85 and a 200-day moving average price of $47.11. The firm has a market capitalization of $200.22 billion, a P/E ratio of 20.87 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period last year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that Oracle Corporation will post $2.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

Oracle Corporation 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.

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

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