Investment Centers of America Inc. trimmed its stake in Oracle Corporation (NYSE:ORCL) by 28.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,139 shares of the enterprise software provider’s stock after selling 4,467 shares during the period. Investment Centers of America Inc.’s holdings in Oracle Corporation were worth $492,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. State Street Corp grew its position in Oracle Corporation by 1.0% in the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after acquiring an additional 1,187,802 shares during the period. Bank of New York Mellon Corp grew its position in 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 acquiring an additional 1,521,879 shares during the period. Harris Associates L P grew its position in 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 acquiring an additional 156,122 shares during the period. First Eagle Investment Management LLC grew its position in 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 acquiring an additional 1,467,144 shares during the period. Finally, Boston Partners grew 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 valued at $813,427,000 after acquiring an additional 3,054,765 shares during the period. Hedge funds and other institutional investors own 58.67% of the company’s stock.

Oracle Corporation (NYSE ORCL) traded down 0.29% during mid-day trading on Friday, hitting $51.58. The stock had a trading volume of 10,356,483 shares. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.88. The stock has a market cap of $213.37 billion, a PE ratio of 23.34 and a beta of 1.05. The firm’s 50-day moving average price is $49.81 and its 200-day moving average price is $46.65.

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 consensus estimate of $0.78 by $0.11. The company had revenue of $10.94 billion during 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%. Oracle Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. On average, equities analysts expect that Oracle Corporation will post $2.95 earnings per share for the current year.

ORCL has been the topic of a number of analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $54.00 price target on shares of Oracle Corporation in a research report on Tuesday, June 13th. Moffett Nathanson initiated coverage on Oracle Corporation in a research report on Wednesday. They issued a “buy” rating and a $65.00 price target on the stock. Goldman Sachs Group, Inc. (The) set a $49.00 price target on Oracle Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. Canaccord Genuity cut Oracle Corporation to a “buy” rating and upped their price target for the company from $49.00 to $56.00 in a research report on Thursday, June 22nd. Finally, UBS AG reiterated a “buy” rating and issued a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirty-one have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $51.47.

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In other Oracle Corporation news, Director Bruce R. Chizen sold 206,250 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total transaction of $10,260,937.50. Following the completion of the transaction, the director now directly owns 63,985 shares of the company’s stock, valued at $3,183,253.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP W Corey West sold 150,000 shares of the stock in a transaction on Monday, June 26th. The shares were 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 directly owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,817,500 shares of company stock valued at $91,560,925. 29.00% of the stock is currently owned by corporate insiders.

Oracle Corporation 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.

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

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