Bradley Foster & Sargent Inc. CT reduced its stake in shares of Oracle Corporation (NYSE:ORCL) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,817 shares of the enterprise software provider’s stock after selling 550 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Oracle Corporation were worth $2,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ORCL. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Oracle Corporation by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 223,157 shares of the enterprise software provider’s stock valued at $11,189,000 after purchasing an additional 839 shares during the period. Banque Pictet & Cie SA increased its holdings in shares of Oracle Corporation by 15.6% in the second quarter. Banque Pictet & Cie SA now owns 44,667 shares of the enterprise software provider’s stock valued at $2,240,000 after purchasing an additional 6,024 shares during the period. Pictet North America Advisors SA increased its holdings in shares of Oracle Corporation by 15.6% in the second quarter. Pictet North America Advisors SA now owns 44,667 shares of the enterprise software provider’s stock valued at $2,240,000 after purchasing an additional 6,024 shares during the period. Community Bank & Trust Waco Texas increased its holdings in shares of Oracle Corporation by 1.0% in the second quarter. Community Bank & Trust Waco Texas now owns 8,070 shares of the enterprise software provider’s stock valued at $405,000 after purchasing an additional 76 shares during the period. Finally, Sphera Funds Management LTD. acquired a new position in shares of Oracle Corporation in the second quarter valued at about $2,369,000. Hedge funds and other institutional investors own 58.09% of the company’s stock.

Shares of Oracle Corporation (NYSE ORCL) opened at $48.58 on Friday. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $202,747.95, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last posted its 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 return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. equities research analysts expect that Oracle Corporation will post 2.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were given a $0.19 dividend. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Oracle Corporation’s dividend payout ratio is currently 33.19%.

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ORCL has been the topic of several analyst reports. Vetr lowered Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 target price on the stock. in a report on Tuesday, September 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a report on Monday, September 11th. Canaccord Genuity initiated coverage on Oracle Corporation in a report on Friday, October 6th. They set a “buy” rating and a $57.00 target price on the stock. BTIG Research reaffirmed a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a report on Tuesday, September 19th. Finally, Moffett Nathanson initiated coverage on Oracle Corporation in a report on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $54.85.

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