BerganKDV Wealth Management LLC held its stake in shares of Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent filing with the SEC. The fund owned 12,055 shares of the enterprise software provider’s stock at the end of the first quarter. BerganKDV Wealth Management LLC’s holdings in Oracle Corporation were worth $464,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in shares of Oracle Corporation by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after buying an additional 1,521,879 shares during the period. Harris Associates L P raised its stake in shares of Oracle Corporation by 0.4% in the first quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock valued at $1,854,068,000 after buying an additional 156,122 shares during the period. First Eagle Investment Management LLC raised 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. Boston Partners raised its stake in shares of Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after buying an additional 3,054,765 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Oracle Corporation by 6.2% in the first quarter. Russell Investments Group Ltd. now owns 13,008,544 shares of the enterprise software provider’s stock valued at $580,371,000 after buying an additional 764,803 shares during the period. Institutional investors and hedge funds own 58.67% of the company’s stock.

Shares of Oracle Corporation (NYSE:ORCL) traded down 0.030% during midday trading on Tuesday, hitting $49.225. The company had a trading volume of 930,541 shares. The stock’s 50-day moving average price is $49.77 and its 200-day moving average price is $46.03. The stock has a market capitalization of $203.63 billion, a price-to-earnings ratio of 22.274 and a beta of 1.06. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85.

Oracle Corporation (NYSE:ORCL) last issued 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. The firm had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period 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 year.

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

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Several equities research analysts have recently commented on ORCL shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $54.00 target price on shares of Oracle Corporation in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a $49.00 target price on Oracle Corporation and gave the company a “buy” rating in a report on Monday, June 12th. Canaccord Genuity downgraded Oracle Corporation to a “buy” rating and upped their target price for the company from $49.00 to $56.00 in a report on Thursday, June 22nd. UBS AG reaffirmed a “buy” rating and set a $52.00 target price (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 target price (up from $53.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.81.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated 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 directly owns 18,125 shares of the company’s stock, valued at $807,831.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark V. Hurd sold 350,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the transaction, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at $27,561,616.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,817,500 shares of company stock valued at $91,560,925. 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.

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

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