First Houston Capital Inc. acquired a new position in shares of Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,900 shares of the enterprise software provider’s stock, valued at approximately $397,000.

A number of other large investors also recently made changes to their positions in the stock. Iberiabank Corp raised its position in Oracle Corporation by 5.7% in the fourth quarter. Iberiabank Corp now owns 21,625 shares of the enterprise software provider’s stock valued at $831,000 after buying an additional 1,173 shares during the period. Fiduciary Management Inc. WI purchased a new position in Oracle Corporation during the fourth quarter valued at approximately $263,566,000. Sunbelt Securities Inc. raised its position in Oracle Corporation by 0.4% in the fourth quarter. Sunbelt Securities Inc. now owns 31,526 shares of the enterprise software provider’s stock valued at $1,212,000 after buying an additional 121 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in Oracle Corporation by 18.7% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 17,859,191 shares of the enterprise software provider’s stock valued at $686,686,000 after buying an additional 2,814,027 shares during the period. Finally, Gyroscope Capital Management Group LLC raised its position in Oracle Corporation by 38.8% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 41,893 shares of the enterprise software provider’s stock valued at $1,611,000 after buying an additional 11,710 shares during the period. Institutional investors own 58.67% of the company’s stock.

Shares of Oracle Corporation (NYSE:ORCL) traded up 0.92% during trading on Thursday, hitting $50.23. 9,488,119 shares of the stock were exchanged. The firm has a 50 day moving average of $49.35 and a 200-day moving average of $44.95. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85. The company has a market cap of $207.79 billion, a price-to-earnings ratio of 22.73 and a beta of 1.06.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. During the same quarter last year, the firm earned $0.81 EPS. Oracle Corporation’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Monday, July 17th. Oracle Corporation’s payout ratio is presently 34.55%.

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ORCL has been the topic of several research analyst reports. Bank of America Corporation dropped their target price on shares of Oracle Corporation from $62.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, June 30th. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Tuesday, May 16th. Societe Generale downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating and dropped their target price for the stock from $51.00 to $50.00 in a research report on Thursday, May 11th. Argus raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Friday, June 23rd. Finally, KeyCorp raised shares of Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 target price on the stock in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.70.

In other Oracle Corporation news, Director Michael J. Boskin sold 150,000 shares of Oracle Corporation stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $50.69, for a total value of $7,603,500.00. Following the completion of the transaction, the director now owns 99,454 shares in the company, valued at approximately $5,041,323.26. The sale 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 Oracle Corporation stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $807,831.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock worth $91,547,388 in the last three months. 29.00% of the stock is owned by insiders.

Oracle Corporation 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.

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

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