River Wealth Advisors LLC increased its position in Oracle Corporation (NYSE:ORCL) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,076 shares of the enterprise software provider’s stock after purchasing an additional 138 shares during the period. Oracle Corporation makes up 1.4% of River Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. River Wealth Advisors LLC’s holdings in Oracle Corporation were worth $3,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hudock Capital Group LLC lifted 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 worth $178,000 after purchasing an additional 10 shares in the last quarter. Alpha Windward LLC lifted 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 worth $279,000 after purchasing an additional 19 shares in the last quarter. Pointe Capital Management LLC lifted 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 worth $524,000 after purchasing an additional 45 shares in the last quarter. Bell Bank lifted 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 worth $271,000 after purchasing an additional 57 shares in the last quarter. Finally, Sentinel Trust Co. LBA lifted its holdings in shares of Oracle Corporation by 0.3% in the 2nd quarter. Sentinel Trust Co. LBA now owns 19,041 shares of the enterprise software provider’s stock worth $955,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 57.83% of the company’s stock.

In related news, EVP Dorian Daley sold 76,703 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George H. Conrades sold 56,250 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $48.25, for a total value of $2,714,062.50. Following the sale, the director now owns 66,250 shares of the company’s stock, valued at approximately $3,196,562.50. The disclosure for this sale can be found here. Insiders have sold 1,055,776 shares of company stock valued at $52,673,112 in the last quarter. 29.00% of the stock is currently owned by company insiders.

ORCL has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 target price on shares of Oracle Corporation in a report on Monday, September 11th. Vetr cut Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 target price on the stock. in a report on Tuesday, September 12th. Canaccord Genuity initiated coverage on Oracle Corporation in a report on Friday, October 6th. They issued a “buy” rating and a $57.00 target price on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $54.00 target price on shares of Oracle Corporation in a report on Tuesday, June 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $58.00 target price on shares of Oracle Corporation in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. Oracle Corporation presently has a consensus rating of “Buy” and a consensus price target of $53.37.

Shares of Oracle Corporation (NYSE ORCL) opened at 48.21 on Wednesday. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The company has a market cap of $201.18 billion, a P/E ratio of 20.97 and a beta of 1.05. The stock’s 50 day moving average price is $49.49 and its 200-day moving average price is $47.61.

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

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

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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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