Oregon Public Employees Retirement Fund lowered its stake in Oracle Corp. (NYSE:ORCL) by 43.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 326,870 shares of the enterprise software provider’s stock after selling 247,050 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Oracle Corp. were worth $12,839,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ORCL. Point View Wealth Management Inc. boosted its position in Oracle Corp. by 0.5% in the second quarter. Point View Wealth Management Inc. now owns 6,959 shares of the enterprise software provider’s stock worth $285,000 after buying an additional 37 shares during the period. Capital Asset Advisory Services LLC boosted its position in Oracle Corp. by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock worth $244,000 after buying an additional 55 shares during the period. Enterprise Financial Services Corp boosted its position in Oracle Corp. by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock worth $305,000 after buying an additional 62 shares during the period. Bollard Group LLC boosted its position in Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock worth $767,000 after buying an additional 69 shares during the period. Finally, Lourd Capital LLC boosted its position in Oracle Corp. by 1.2% in the second quarter. Lourd Capital LLC now owns 7,854 shares of the enterprise software provider’s stock worth $321,000 after buying an additional 92 shares during the period. 56.94% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Oracle Corp. (NYSE:ORCL) traded down 0.575% during mid-day trading on Wednesday, hitting $40.317. The company had a trading volume of 6,492,198 shares. The firm’s 50-day moving average price is $38.88 and its 200 day moving average price is $39.90. The company has a market capitalization of $165.52 billion, a P/E ratio of 19.153 and a beta of 1.19. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00.

Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. Oracle Corp.’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. Analysts predict that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on ORCL. SunTrust Banks Inc. set a $48.00 price target on Oracle Corp. and gave the stock a “buy” rating in a report on Saturday, September 17th. Rosenblatt Securities set a $48.00 price objective on Oracle Corp. and gave the company a “buy” rating in a research report on Saturday, September 17th. Zacks Investment Research raised Oracle Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. DA Davidson reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Oracle Corp. in a research report on Saturday, September 17th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Oracle Corp. in a research report on Tuesday, September 13th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $43.85.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $38.42, for a total value of $144,075.00. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at $318,156.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the sale, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $990,250. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by corporate insiders.

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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