Achmea Investment Management B.V. purchased a new stake in Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 287,789 shares of the enterprise software provider’s stock, valued at approximately $12,838,000. Oracle Corporation comprises about 0.6% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 28th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hudock Capital Group LLC boosted its position in shares of Oracle Corporation by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock valued at $178,000 after buying an additional 10 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in shares of Oracle Corporation by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock valued at $257,000 after buying an additional 38 shares during the last quarter. Delta Asset Management LLC TN boosted its position in shares of Oracle Corporation by 0.6% in the first quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock valued at $335,000 after buying an additional 42 shares during the last quarter. Bell Bank boosted its position in shares of Oracle Corporation by 0.9% in the first quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock valued at $271,000 after buying an additional 57 shares during the last quarter. Finally, Carroll Financial Associates Inc. boosted its position in shares of Oracle Corporation by 0.4% in the first quarter. Carroll Financial Associates Inc. now owns 17,268 shares of the enterprise software provider’s stock valued at $770,000 after buying an additional 74 shares during the last quarter. Institutional investors own 58.79% of the company’s stock.

Shares of Oracle Corporation (NYSE:ORCL) traded up 0.985% during midday trading on Monday, reaching $48.715. 2,514,106 shares of the company’s stock traded hands. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85. The stock’s 50 day moving average price is $50.10 and its 200 day moving average price is $45.40. The firm has a market capitalization of $201.52 billion, a P/E ratio of 22.043 and a beta of 1.06.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.78 by $0.11. The company had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, equities research analysts anticipate that Oracle Corporation will post $2.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio is 34.55%.

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A number of analysts recently weighed in on ORCL shares. UBS AG reiterated a “buy” rating and set a $52.00 price target (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. BMO Capital Markets upped their price objective on shares of Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, June 22nd. Wedbush upgraded shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $56.00 to $44.00 in a research report on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research report on Friday, May 19th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $56.00 price objective (up previously from $49.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.70.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $44.57, for a total value of $167,137.50. Following the transaction, the director now owns 18,125 shares in the company, valued at $807,831.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the transaction, the insider now owns 783,533 shares in the company, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,813,750 shares of company stock worth $91,377,700. 29.00% of the stock is owned by company 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.

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

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