Midwest Investment Management LLC increased its position in Oracle Corp. (NYSE:ORCL) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 43,687 shares of the enterprise software provider’s stock after buying an additional 777 shares during the period. Oracle Corp. makes up 1.5% of Midwest Investment Management LLC’s portfolio, making the stock its 29th largest position. Midwest Investment Management LLC’s holdings in Oracle Corp. were worth $1,788,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ORCL. Check Capital Management Inc. CA boosted its position in Oracle Corp. by 1.8% in the second quarter. Check Capital Management Inc. CA now owns 714,129 shares of the enterprise software provider’s stock worth $29,229,000 after buying an additional 12,676 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Oracle Corp. by 8.1% in the second quarter. DAVENPORT & Co LLC now owns 852,620 shares of the enterprise software provider’s stock worth $34,898,000 after buying an additional 64,091 shares in the last quarter. National Pension Service boosted its position in Oracle Corp. by 4.2% in the first quarter. National Pension Service now owns 1,765,267 shares of the enterprise software provider’s stock worth $72,217,000 after buying an additional 71,804 shares in the last quarter. AXA boosted its position in Oracle Corp. by 0.3% in the first quarter. AXA now owns 1,814,706 shares of the enterprise software provider’s stock worth $74,240,000 after buying an additional 4,952 shares in the last quarter. Finally, Factory Mutual Insurance Co. boosted its position in Oracle Corp. by 22.3% in the first quarter. Factory Mutual Insurance Co. now owns 2,150,920 shares of the enterprise software provider’s stock worth $87,994,000 after buying an additional 392,000 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

Oracle Corp. (NYSE:ORCL) traded up 1.59% during midday trading on Monday, reaching $39.54. The company’s stock had a trading volume of 14,250,896 shares. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The stock’s 50-day moving average price is $41.07 and its 200-day moving average price is $40.28. The firm 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 issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. Analysts predict that Oracle Corp. will post $2.65 EPS for the current year.

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

A number of research firms have recently weighed in on ORCL. Citigroup Inc. reiterated a “hold” rating on shares of Oracle Corp. in a report on Saturday, June 18th. DA Davidson restated a “buy” rating and set a $52.00 target price on shares of Oracle Corp. in a report on Saturday. SunTrust Banks Inc. set a $48.00 target price on Oracle Corp. and gave the company a “buy” rating in a report on Saturday. Rosenblatt Securities set a $48.00 target price on Oracle Corp. and gave the company a “buy” rating in a report on Saturday. Finally, Barclays PLC restated an “overweight” rating and set a $48.00 target price on shares of Oracle Corp. in a report on Monday. Two equities research 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 assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $44.88.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $40.16, for a total transaction of $150,600.00. Following the completion of the sale, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $332,564.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 25,000 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $40.74, for a total value of $1,018,500.00. Following the sale, the director now directly owns 32,654 shares of the company’s stock, valued at $1,330,323.96. The disclosure for this sale can be found here. Company insiders own 28.00% of the company’s stock.

Oracle Corp. Company 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.

5 Day Chart for NYSE:ORCL

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