AT Bancorp raised its stake in Oracle Corp. (NYSE:ORCL) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,112 shares of the enterprise software provider’s stock after buying an additional 3,667 shares during the period. AT Bancorp’s holdings in Oracle Corp. were worth $2,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. BLB&B Advisors LLC increased its position in Oracle Corp. by 0.3% in the first quarter. BLB&B Advisors LLC now owns 9,711 shares of the enterprise software provider’s stock valued at $397,000 after buying an additional 28 shares in the last quarter. Point View Wealth Management Inc. increased its position in Oracle Corp. by 0.5% in the second quarter. Point View Wealth Management Inc. now owns 6,959 shares of the enterprise software provider’s stock valued at $285,000 after buying an additional 37 shares in the last quarter. Enterprise Financial Services Corp increased its position in Oracle Corp. by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock valued at $305,000 after buying an additional 62 shares in the last quarter. Bollard Group LLC increased its position in Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock valued at $767,000 after buying an additional 69 shares in the last quarter. Finally, Lourd Capital LLC increased its position in Oracle Corp. by 1.2% in the second quarter. Lourd Capital LLC now owns 7,854 shares of the enterprise software provider’s stock valued at $321,000 after buying an additional 92 shares in the last quarter. 58.00% of the stock is owned by hedge funds and other institutional investors.

Oracle Corp. (NYSE:ORCL) traded down 0.242% during midday trading on Tuesday, hitting $39.135. The company had a trading volume of 7,244,356 shares. The stock has a 50 day moving average price of $40.93 and a 200 day moving average price of $40.34. The company has a market capitalization of $161.20 billion, a P/E ratio of 18.591 and a beta of 1.08. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00.

Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a return on equity of 22.22% and a net margin of 24.16%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Equities analysts forecast that Oracle Corp. will post $2.65 earnings per share for the current fiscal year.

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

Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Oracle Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday. Argus reaffirmed a “hold” rating on shares of Oracle Corp. in a research note on Monday. Barclays PLC reaffirmed an “overweight” rating and issued a $48.00 price objective on shares of Oracle Corp. in a research note on Monday. Credit Agricole SA reaffirmed an “underperform” rating and issued a $42.00 price objective on shares of Oracle Corp. in a research note on Monday. Finally, Societe Generale set a $46.00 price objective on Oracle Corp. and gave the company a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Oracle Corp. has a consensus rating of “Buy” and a consensus price target of $44.88.

In related news, EVP John F. Fowler sold 500,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the completion of the sale, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $41.78, for a total transaction of $156,675.00. Following the sale, the director now directly owns 8,281 shares of the company’s stock, valued at $345,980.18. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by insiders.

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.

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