Karp Capital Management Corp acquired a new position in Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,479,875 shares of the enterprise software provider’s stock, valued at approximately $66,017,000.

A number of other institutional investors have also bought and sold shares of the company. Boston Partners raised its position in Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares in the last quarter. Quotient Investors LLC increased its stake in Oracle Corporation by 263.2% in the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock worth $1,865,000 after buying an additional 30,300 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in Oracle Corporation by 0.9% in the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock worth $83,312,000 after buying an additional 17,458 shares during the last quarter. Nadler Financial Group Inc. increased its stake in Oracle Corporation by 1.3% in the first quarter. Nadler Financial Group Inc. now owns 32,911 shares of the enterprise software provider’s stock worth $1,468,000 after buying an additional 429 shares during the last quarter. Finally, Orrstown Financial Services Inc. increased its stake in Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock worth $130,000 after buying an additional 1,372 shares during the last quarter. 58.79% of the stock is currently owned by institutional investors.

Shares of Oracle Corporation (NYSE ORCL) traded up 0.14% during trading on Friday, hitting $48.62. The stock had a trading volume of 10,248,442 shares. The company has a market capitalization of $201.13 billion, a price-to-earnings ratio of 22.00 and a beta of 1.06. The company’s 50 day moving average price is $49.83 and its 200 day moving average price is $45.71. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the 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 business had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. Oracle Corporation’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts predict that Oracle Corporation will post $2.96 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s payout ratio is currently 34.55%.

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ORCL has been the subject of a number of recent research reports. Bank of America Corporation dropped their target price on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Zacks Investment Research upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, May 16th. Argus upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Friday, June 23rd. Societe Generale downgraded 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. Finally, KeyCorp upgraded Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 target price for the company in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the company’s stock. Oracle Corporation has an average rating of “Buy” and an average target price of $50.81.

In other Oracle Corporation news, Director Michael J. Boskin sold 150,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $50.69, for a total transaction of $7,603,500.00. Following the completion of the sale, the director now directly owns 99,454 shares in the company, valued at $5,041,323.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total transaction of $183,225.00. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at $885,587.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,817,500 shares of company stock worth $91,560,925. Insiders own 29.00% of the company’s stock.

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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