PGGM Investments lowered its stake in Oracle Corporation (NYSE:ORCL) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,012,446 shares of the enterprise software provider’s stock after selling 32,246 shares during the period. PGGM Investments’ holdings in Oracle Corporation were worth $100,904,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ORCL. Roof Eidam & Maycock ADV raised its stake in Oracle Corporation by 1.9% in the second quarter. Roof Eidam & Maycock ADV now owns 42,910 shares of the enterprise software provider’s stock valued at $2,152,000 after buying an additional 780 shares during the period. Osborne Partners Capital Management LLC raised its stake in Oracle Corporation by 0.4% in the second quarter. Osborne Partners Capital Management LLC now owns 68,400 shares of the enterprise software provider’s stock valued at $3,430,000 after buying an additional 300 shares during the period. WealthTrust Arizona LLC raised its stake in Oracle Corporation by 44.0% in the second quarter. WealthTrust Arizona LLC now owns 3,368 shares of the enterprise software provider’s stock valued at $169,000 after buying an additional 1,029 shares during the period. Quantitative Systematic Strategies LLC raised its stake in Oracle Corporation by 54.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 83,920 shares of the enterprise software provider’s stock valued at $4,213,000 after buying an additional 29,567 shares during the period. Finally, Duncker Streett & Co. Inc. raised its stake in Oracle Corporation by 2.8% in the second quarter. Duncker Streett & Co. Inc. now owns 32,694 shares of the enterprise software provider’s stock valued at $1,640,000 after buying an additional 905 shares during the period. 58.67% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Corporation (NYSE ORCL) traded up 0.06% during trading on Tuesday, reaching $49.27. The company’s stock had a trading volume of 2,225,781 shares. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85. The stock has a market capitalization of $203.81 billion, a price-to-earnings ratio of 22.29 and a beta of 1.06. The firm has a 50 day moving average of $49.77 and a 200 day moving average of $46.03.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were given 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 1.54%. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.

TRADEMARK VIOLATION NOTICE: “PGGM Investments Has $100.90 Million Stake in Oracle Corporation (ORCL)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/29/pggm-investments-has-100-90-million-stake-in-oracle-corporation-orcl.html.

Several research firms recently commented on ORCL. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price objective on shares of Oracle Corporation in a report on Sunday. BidaskClub lowered Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.81.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $44.57, for a total transaction of $167,137.50. Following the transaction, the director now owns 18,125 shares in the company, valued at $807,831.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the transaction, the executive vice president now owns 177,988 shares in the company, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,817,500 shares of company stock worth $91,560,925. Company 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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL).

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

Receive News & Stock Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related stocks with our FREE daily email newsletter.