Smithfield Trust Co. lifted its stake in shares of Oracle Corporation (NYSE:ORCL) by 16.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,588 shares of the enterprise software provider’s stock after acquiring an additional 3,560 shares during the quarter. Smithfield Trust Co.’s holdings in Oracle Corporation were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares during the period. TrimTabs Asset Management LLC raised its stake in shares of Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares during the period. Baystate Wealth Management LLC raised its stake in shares of Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 206 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Oracle Corporation in the second quarter valued at $129,000. Finally, Heritage Trust Co bought a new stake in shares of Oracle Corporation in the first quarter valued at $130,000. Institutional investors own 57.83% of the company’s stock.

In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $50.30, for a total transaction of $188,625.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $911,687.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Kurian sold 750,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the sale, the insider now owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,055,776 shares of company stock valued at $52,673,112. 29.00% of the stock is owned by insiders.

ORCL has been the subject of several recent research reports. Jefferies Group LLC lifted their price target on Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Credit Suisse Group initiated coverage on Oracle Corporation in a research report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 target price for the company. KeyCorp restated a “buy” rating and set a $61.00 target price on shares of Oracle Corporation in a research report on Tuesday, July 18th. BidaskClub upgraded Oracle Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group reiterated a “buy” rating and issued a $63.00 price objective on shares of Oracle Corporation in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $53.37.

Oracle Corporation (ORCL) opened at 48.61 on Friday. The stock has a market cap of $202.85 billion, a PE ratio of 21.14 and a beta of 1.05. Oracle Corporation has a 52-week low of $37.64 and a 52-week high of $53.14. The company’s 50 day moving average is $49.43 and its 200-day moving average is $47.66.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.56%. 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.

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

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