Mizuho Securities USA Inc. boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 132.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 893,500 shares of the enterprise software provider’s stock after buying an additional 508,600 shares during the period. Oracle Corporation accounts for 2.2% of Mizuho Securities USA Inc.’s holdings, making the stock its 4th largest position. Mizuho Securities USA Inc.’s holdings in Oracle Corporation were worth $40,797,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Tdam USA Inc. boosted its stake in shares of Oracle Corporation by 0.5% in the first quarter. Tdam USA Inc. now owns 429,274 shares of the enterprise software provider’s stock valued at $19,150,000 after buying an additional 2,061 shares during the period. TD Asset Management Inc. boosted its stake in shares of Oracle Corporation by 8.1% in the first quarter. TD Asset Management Inc. now owns 8,637,965 shares of the enterprise software provider’s stock valued at $385,339,000 after buying an additional 644,519 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Oracle Corporation by 3.7% in the first quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock valued at $1,839,501,000 after buying an additional 1,467,144 shares during the period. Sei Investments Co. boosted its stake in shares of Oracle Corporation by 24.3% in the first quarter. Sei Investments Co. now owns 1,443,493 shares of the enterprise software provider’s stock valued at $64,393,000 after buying an additional 282,319 shares during the period. Finally, First Foundation Advisors boosted its stake in shares of Oracle Corporation by 6.2% in the first quarter. First Foundation Advisors now owns 712,429 shares of the enterprise software provider’s stock valued at $31,781,000 after buying an additional 41,370 shares during the period. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Corporation (ORCL) traded up 0.14% on Monday, hitting $48.69. 1,417,702 shares of the stock were exchanged. The company has a market cap of $201.42 billion, a PE ratio of 22.03 and a beta of 1.06. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85. The company’s 50-day moving average is $49.83 and its 200-day moving average is $45.71.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. The firm had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. On average, 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. Shareholders of record on Wednesday, July 19th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is currently 34.55%.

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A number of research firms have weighed in on ORCL. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Friday. BidaskClub cut shares of Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating and set a $60.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. Finally, KeyCorp reissued a “buy” rating and set a $61.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $50.81.

In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $48.86, for a total value of $183,225.00. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $885,587.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 783,533 shares in the company, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock worth $91,560,925 in the last ninety days. 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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