PM CAPITAL Ltd cut its position in shares of Oracle Corp. (NYSE:ORCL) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 782,579 shares of the enterprise software provider’s stock after selling 52,000 shares during the period. Oracle Corp. accounts for 5.4% of PM CAPITAL Ltd’s holdings, making the stock its 8th largest position. PM CAPITAL Ltd’s holdings in Oracle Corp. were worth $32,031,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ORCL. PGGM Investments boosted its position in Oracle Corp. by 2.5% in the second quarter. PGGM Investments now owns 3,013,016 shares of the enterprise software provider’s stock valued at $123,323,000 after buying an additional 74,739 shares in the last quarter. First Merchants Corp boosted its position in Oracle Corp. by 2.7% in the second quarter. First Merchants Corp now owns 68,160 shares of the enterprise software provider’s stock valued at $2,790,000 after buying an additional 1,776 shares in the last quarter. Douglas Lane & Associates LLC boosted its position in Oracle Corp. by 1.7% in the second quarter. Douglas Lane & Associates LLC now owns 13,193 shares of the enterprise software provider’s stock valued at $540,000 after buying an additional 220 shares in the last quarter. Destination Wealth Management boosted its position in Oracle Corp. by 1.2% in the second quarter. Destination Wealth Management now owns 424,290 shares of the enterprise software provider’s stock valued at $17,366,000 after buying an additional 4,873 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in Oracle Corp. by 175.2% in the second quarter. JFS Wealth Advisors LLC now owns 7,194 shares of the enterprise software provider’s stock valued at $294,000 after buying an additional 4,580 shares in the last quarter. Institutional investors own 58.24% of the company’s stock.

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

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

Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is presently 28.57%.

A number of equities analysts have commented on ORCL shares. Citigroup Inc. reaffirmed a “hold” rating on shares of Oracle Corp. in a research report on Saturday, June 18th. DA Davidson reaffirmed a “buy” rating and set a $52.00 price objective on shares of Oracle Corp. in a research report on Saturday, September 17th. SunTrust Banks Inc. set a $48.00 price objective on shares of Oracle Corp. and gave the stock a “buy” rating in a research report on Saturday, September 17th. Rosenblatt Securities set a $48.00 price objective on shares of Oracle Corp. and gave the stock a “buy” rating in a research report on Saturday, September 17th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $45.00 price objective on shares of Oracle Corp. in a research report on Friday, June 17th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $44.76.

In other Oracle Corp. 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 transaction of $20,585,000.00. Following the sale, the executive vice president now directly owns 119,645 shares in the company, valued at $4,925,784.65. The sale was disclosed in a document filed 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 Friday, July 15th. The shares were sold at an average price of $41.78, for a total value of $156,675.00. Following the sale, the director now owns 8,281 shares in the company, valued at $345,980.18. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company’s stock.

Oracle Corp. Company 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.

5 Day Chart for NYSE:ORCL

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