Wesbanco Bank Inc. lessened its holdings in shares of Oracle Corporation (NYSE:ORCL) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,159 shares of the enterprise software provider’s stock after selling 1,750 shares during the period. Wesbanco Bank Inc.’s holdings in Oracle Corporation were worth $12,142,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Burt Wealth Advisors grew its holdings in shares of Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares during the period. TrimTabs Asset Management LLC grew its holdings in shares of Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares during the period. Baystate Wealth Management LLC grew its holdings in shares of Oracle Corporation by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of Oracle Corporation during the 2nd quarter worth approximately $129,000. Institutional investors own 58.05% of the company’s stock.

Oracle Corporation (NYSE:ORCL) opened at $48.94 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14. The company has a market cap of $205,340.00, a PE ratio of 19.29, a P/E/G ratio of 1.87 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts expect that Oracle Corporation will post 2.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.

In other Oracle Corporation news, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total value of $3,758,447.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is owned by insiders.

A number of research analysts have weighed in on the company. UBS AG reiterated a “neutral” rating and set a $55.00 target price (down previously from $57.00) on shares of Oracle Corporation in a report on Thursday, November 9th. Vetr upgraded Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 target price on the stock in a report on Monday, November 13th. Zacks Investment Research upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday. BidaskClub downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Drexel Hamilton restated a “buy” rating and issued a $62.00 price target on shares of Oracle Corporation in a research note on Monday, October 2nd. Eleven investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $54.95.

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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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