Nationwide Fund Advisors lowered its position in Oracle Corporation (NYSE:ORCL) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,553,378 shares of the enterprise software provider’s stock after selling 44,038 shares during the period. Nationwide Fund Advisors’ holdings in Oracle Corporation were worth $61,017,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Alpha Windward LLC raised its stake in shares of Oracle Corporation by 0.9% in the third quarter. Alpha Windward LLC now owns 5,004 shares of the enterprise software provider’s stock worth $197,000 after buying an additional 44 shares during the period. Capital Asset Advisory Services LLC raised its stake in shares of Oracle Corporation 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 raised its stake in shares of Oracle Corporation 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 raised its stake in shares of Oracle Corporation 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 raised its stake in shares of Oracle Corporation 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. 56.87% of the stock is owned by hedge funds and other institutional investors.

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

Oracle Corporation (NYSE:ORCL) opened at 38.45 on Friday. The firm has a 50-day moving average of $39.62 and a 200-day moving average of $39.90. Oracle Corporation has a 52 week low of $33.13 and a 52 week high of $42.00. The company has a market cap of $157.74 billion, a price-to-earnings ratio of 18.35 and a beta of 1.19.

Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, December 15th. The enterprise software provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm earned $9.07 billion during the quarter. Oracle Corporation had a net margin of 23.69% and a return on equity of 21.33%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $0.63 EPS. Equities analysts forecast that Oracle Corporation will post $2.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 26th. Stockholders of record on Thursday, January 5th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, January 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is currently 28.99%.

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A number of equities research analysts have recently issued reports on ORCL shares. Cowen and Company set a $46.00 target price on shares of Oracle Corporation and gave the company a “buy” rating in a research note on Friday, September 16th. Royal Bank Of Canada boosted their price objective on shares of Oracle Corporation from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, September 30th. Vetr downgraded shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating and set a $45.58 price objective for the company. in a research report on Wednesday, September 7th. DA Davidson reaffirmed a “neutral” rating and set a $109.00 price objective on shares of Oracle Corporation in a research report on Wednesday, October 12th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $41.00 price objective on shares of Oracle Corporation in a research report on Friday, September 16th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.15.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $40.85, for a total value of $153,187.50. Following the completion of the transaction, the director now owns 8,281 shares in the company, valued at approximately $338,278.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $38.72, for a total transaction of $1,742,400.00. Following the completion of the transaction, the director now owns 52,654 shares of the company’s stock, valued at approximately $2,038,762.88. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by insiders.

About Oracle Corporation

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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