Strs Ohio decreased its stake in Oracle Corp. (NYSE:ORCL) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,108,870 shares of the enterprise software provider’s stock after selling 122,692 shares during the period. Strs Ohio owned approximately 0.05% of Oracle Corp. worth $86,316,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Oracle Corp. by 1.4% in the first quarter. Geode Capital Management LLC now owns 26,203,540 shares of the enterprise software provider’s stock worth $1,069,861,000 after buying an additional 349,764 shares during the period. Franklin Resources Inc. increased its position in Oracle Corp. by 1.8% in the first quarter. Franklin Resources Inc. now owns 24,814,184 shares of the enterprise software provider’s stock worth $1,015,154,000 after buying an additional 448,586 shares during the period. TIAA CREF Investment Management LLC increased its position in Oracle Corp. by 8.4% in the first quarter. TIAA CREF Investment Management LLC now owns 23,110,948 shares of the enterprise software provider’s stock worth $945,469,000 after buying an additional 1,781,709 shares during the period. Loomis Sayles & Co. L P increased its position in Oracle Corp. by 15.0% in the first quarter. Loomis Sayles & Co. L P now owns 22,106,113 shares of the enterprise software provider’s stock worth $904,361,000 after buying an additional 2,888,674 shares during the period. Finally, Nordea Investment Management AB increased its position in Oracle Corp. by 9.4% in the second quarter. Nordea Investment Management AB now owns 14,913,986 shares of the enterprise software provider’s stock worth $610,429,000 after buying an additional 1,284,631 shares during the period. Hedge funds and other institutional investors own 58.24% of the company’s stock.

Institutional Ownership by Quarter for Oracle Corp. (NYSE:ORCL)

Shares of Oracle Corp. (NYSE:ORCL) traded down 0.03% during trading on Friday, hitting $38.71. The stock had a trading volume of 11,442,032 shares. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00. The stock’s 50 day moving average is $40.15 and its 200 day moving average is $40.32. The stock has a market capitalization of $158.93 billion, a price-to-earnings ratio of 18.39 and a beta of 1.23.

Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The firm had revenue of $8.60 billion for the quarter. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a $0.15 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. Oracle Corp.’s dividend payout ratio is currently 28.57%.

ORCL has been the topic of a number of research reports. Pacific Crest restated a “hold” rating on shares of Oracle Corp. in a report on Friday, June 10th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $48.00 price objective on shares of Oracle Corp. in a report on Friday, June 10th. MKM Partners restated a “hold” rating and issued a $42.00 price objective on shares of Oracle Corp. in a report on Friday, June 10th. Wedbush restated a “neutral” rating and issued a $40.00 price objective on shares of Oracle Corp. in a report on Monday, June 13th. Finally, Jefferies Group restated a “buy” rating and issued a $50.00 price objective on shares of Oracle Corp. in a report on Monday, June 13th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.76.

In other news, EVP John F. Fowler sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the sale, the executive vice president now directly owns 119,645 shares in the company, valued at approximately $4,925,784.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $41.12, for a total value of $154,200.00. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at $340,514.72. The disclosure for this sale can be found here. 29.00% of the stock is owned by insiders.

About Oracle Corp.

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.

5 Day Chart for NYSE:ORCL

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