Aspiriant LLC acquired a new stake in Oracle Corp. (NYSE:ORCL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,418 shares of the enterprise software provider’s stock, valued at approximately $2,557,000.

A number of other hedge funds also recently made changes to their positions in the company. Quotient Investors LLC raised its stake in Oracle Corp. by 11.4% in the first quarter. Quotient Investors LLC now owns 35,863 shares of the enterprise software provider’s stock valued at $1,467,000 after buying an additional 3,681 shares during the period. Manning & Napier Advisors LLC raised its stake in Oracle Corp. by 0.9% in the first quarter. Manning & Napier Advisors LLC now owns 238,490 shares of the enterprise software provider’s stock valued at $9,756,000 after buying an additional 2,170 shares during the period. Brookstone Capital Management raised its stake in Oracle Corp. by 16.9% in the first quarter. Brookstone Capital Management now owns 8,752 shares of the enterprise software provider’s stock valued at $358,000 after buying an additional 1,267 shares during the period. Swarthmore Group Inc. raised its stake in Oracle Corp. by 3,586.0% in the first quarter. Swarthmore Group Inc. now owns 584,225 shares of the enterprise software provider’s stock valued at $23,901,000 after buying an additional 568,375 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Oracle Corp. by 21.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 49,683 shares of the enterprise software provider’s stock valued at $2,033,000 after buying an additional 8,658 shares during the period. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Oracle Corp. (NYSE:ORCL) traded up 1.59% on Monday, reaching $39.54. 14,225,251 shares of the company’s stock traded hands. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00. The firm has a 50-day moving average price of $41.07 and a 200-day moving average price of $40.28. The stock has a market capitalization of $163.01 billion, a price-to-earnings ratio of 19.10 and a beta of 1.08.

Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The firm earned $8.60 billion during the quarter. During the same period in the prior year, the company posted $0.53 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Oracle Corp. will post $2.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio is currently 28.57%.

Several analysts have recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $52.00 price target on shares of Oracle Corp. in a research report on Saturday. SunTrust Banks Inc. set a $48.00 price target on shares of Oracle Corp. and gave the company a “buy” rating in a research report on Saturday. Rosenblatt Securities set a $48.00 price target on shares of Oracle Corp. and gave the company a “buy” rating in a research report on Saturday. Citigroup Inc. reissued a “hold” rating on shares of Oracle Corp. in a research report on Saturday, June 18th. Finally, Vetr raised shares of Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $44.65 price objective for the company in a research note on Monday. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Oracle Corp. currently has a consensus rating of “Buy” and a consensus target price of $44.88.

In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the sale, the executive vice president now directly owns 119,645 shares in the company, valued at approximately $4,925,784.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at $332,564.96. The disclosure for this sale can be found here. 28.00% of the stock is owned by corporate insiders.

About Oracle Corp.

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.

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