Bowen Hanes & Co. Inc. maintained its position in Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,890 shares of the enterprise software provider’s stock at the close of the 2nd quarter. Bowen Hanes & Co. Inc.’s holdings in Oracle Corporation were worth $496,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ORCL. State Street Corp grew its stake in Oracle Corporation by 1.0% in the 1st quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after buying an additional 1,187,802 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Oracle Corporation by 2.9% in the 1st quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after buying an additional 1,521,879 shares in the last quarter. Harris Associates L P grew its stake in Oracle Corporation by 0.4% in the 1st quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock valued at $1,854,068,000 after buying an additional 156,122 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Oracle Corporation by 3.7% in the 1st quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock valued at $1,839,501,000 after buying an additional 1,467,144 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in Oracle Corporation by 6,353.4% in the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after buying an additional 18,351,920 shares in the last quarter. 57.83% of the stock is currently owned by institutional investors.

Shares of Oracle Corporation (NYSE:ORCL) opened at 48.61 on Monday. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14. The firm has a 50-day moving average of $49.43 and a 200-day moving average of $47.69. The stock has a market cap of $202.85 billion, a PE ratio of 21.14 and a beta of 1.05.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio is currently 33.19%.

In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total value of $183,225.00. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $885,587.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation 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 completion of the transaction, the insider now directly owns 783,533 shares in the company, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,052,026 shares of company stock valued at $52,484,487. Company insiders own 29.00% of the company’s stock.

A number of research analysts recently weighed in on ORCL shares. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a research note on Tuesday, June 20th. Rosenblatt Securities reiterated a “buy” rating and issued a $55.00 price objective on shares of Oracle Corporation in a research note on Wednesday, June 21st. BMO Capital Markets lifted their price objective on shares of Oracle Corporation from $48.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 22nd. Wedbush upgraded shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $56.00 to $44.00 in a research note on Thursday, June 22nd. Finally, UBS AG reiterated a “buy” rating and issued a $52.00 price objective (up from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. 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’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $53.37.

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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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