DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Oracle Corporation (NYSE:ORCL) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,124 shares of the enterprise software provider’s stock after buying an additional 99 shares during the period. Oracle Corporation accounts for about 1.7% of DORCHESTER WEALTH MANAGEMENT Co’s investment portfolio, making the stock its 20th largest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Oracle Corporation were worth $5,020,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC boosted its position in shares of Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 200 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 2,300 shares during the period. Gradient Investments LLC boosted its position in shares of Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock worth $114,000 after buying an additional 1,132 shares during the period. TrimTabs Asset Management LLC boosted its position in shares of Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares during the period. Finally, Baystate Wealth Management LLC boosted its position in shares of Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 206 shares during the period. Institutional investors and hedge funds own 58.79% of the company’s stock.

Shares of Oracle Corporation (NYSE ORCL) traded up 0.80% during midday trading on Wednesday, hitting $49.22. 4,759,808 shares of the stock were exchanged. The stock has a market cap of $203.61 billion, a price-to-earnings ratio of 22.27 and a beta of 1.06. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85. The firm’s 50-day moving average is $49.98 and its 200-day moving average is $45.60. Oracle Corporation also was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 19,908 call options on the stock. This is an increase of approximately 103% compared to the typical volume of 9,799 call options.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.

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A number of research analysts have recently issued reports on the company. BidaskClub cut Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 25th. KeyCorp reaffirmed a “buy” rating and set a $61.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 18th. Finally, Bank of America Corporation reduced their price objective on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $50.70.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total transaction of $167,137.50. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at $807,831.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bruce R. Chizen sold 206,250 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total transaction of $10,260,937.50. Following the transaction, the director now directly owns 63,985 shares of the company’s stock, valued at approximately $3,183,253.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,817,500 shares of company stock valued at $91,560,925. 29.00% of the stock is currently owned by corporate 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.

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

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