Wetherby Asset Management Inc. lessened its holdings in Oracle Corporation (NYSE:ORCL) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,542 shares of the enterprise software provider’s stock after selling 182 shares during the quarter. Oracle Corporation accounts for about 0.6% of Wetherby Asset Management Inc.’s holdings, making the stock its 28th biggest position. Wetherby Asset Management Inc.’s holdings in Oracle Corporation were worth $3,487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alpha Windward LLC lifted its position in shares of Oracle Corporation by 0.3% during the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after acquiring an additional 19 shares during the period. Joel Isaacson & Co. LLC lifted its position in shares of Oracle Corporation by 0.3% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock valued at $411,000 after acquiring an additional 24 shares during the period. Pointe Capital Management LLC lifted its position in shares of Oracle Corporation by 0.4% during the 1st quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock valued at $524,000 after acquiring an additional 45 shares during the period. Bell Bank lifted its position in shares of Oracle Corporation by 0.9% during the 1st quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock valued at $271,000 after acquiring an additional 57 shares during the period. Finally, Sentinel Trust Co. LBA lifted its position in shares of Oracle Corporation by 0.3% during the 2nd quarter. Sentinel Trust Co. LBA now owns 19,041 shares of the enterprise software provider’s stock valued at $955,000 after acquiring an additional 60 shares during the period. 57.83% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on ORCL shares. Stifel Nicolaus reiterated a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 25th. KeyCorp reiterated a “buy” rating and set a $61.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 price target on shares of Oracle Corporation in a research report on Sunday, August 27th. Finally, Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $53.37.

Oracle Corporation (NYSE ORCL) opened at 49.25 on Friday. The firm has a 50 day moving average of $49.37 and a 200 day moving average of $47.81. Oracle Corporation has a 12-month low of $37.64 and a 12-month high of $53.14. The firm has a market capitalization of $205.52 billion, a P/E ratio of 21.42 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. On average, analysts forecast that Oracle Corporation will post $2.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.

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In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Monday, October 16th. The stock was sold at an average price of $48.70, for a total transaction of $182,625.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 76,703 shares of Oracle Corporation stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock worth $14,822,112 over the last quarter. Company 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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