Osborne Partners Capital Management LLC raised its position in Oracle Corporation (NYSE:ORCL) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,400 shares of the enterprise software provider’s stock after buying an additional 300 shares during the period. Osborne Partners Capital Management LLC’s holdings in Oracle Corporation were worth $3,430,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Hudock Capital Group LLC raised its position in 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 in the last quarter. Alpha Windward LLC raised its position in Oracle Corporation by 0.3% in the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after buying an additional 19 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its position in 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 in the last quarter. Delta Asset Management LLC TN raised its position in 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 in the last quarter. Finally, Pointe Capital Management LLC raised its position in Oracle Corporation by 0.4% in the first quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock valued at $524,000 after buying an additional 45 shares in the last quarter. 58.67% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Corporation (NYSE ORCL) traded down 0.274% during mid-day trading on Monday, hitting $49.105. The stock had a trading volume of 2,116,286 shares. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85. The firm has a market cap of $203.13 billion, a P/E ratio of 22.219 and a beta of 1.06. The stock has a 50 day moving average of $49.77 and a 200-day moving average of $46.03.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. The business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Analysts predict that Oracle Corporation will post $2.95 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. Oracle Corporation’s dividend payout ratio (DPR) is currently 34.55%.

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Several research firms have recently weighed in on ORCL. UBS AG reaffirmed a “buy” rating and issued a $52.00 price objective (up 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. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Oracle Corporation in a research note on Sunday. BidaskClub lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $54.00 price objective on shares of Oracle Corporation in a research note on Tuesday, June 13th. One investment 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’s stock. Oracle Corporation currently has an average rating of “Buy” and a consensus price target of $50.81.

In other Oracle Corporation news, EVP W Corey West sold 150,000 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the sale, the executive vice president now owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Chizen sold 206,250 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $49.75, for a total transaction of $10,260,937.50. Following the sale, the director now directly owns 63,985 shares in the company, valued at approximately $3,183,253.75. The disclosure for this sale can be found here. Insiders have sold 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.

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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