Leisure Capital Management decreased its stake in Oracle Corp. (NYSE:ORCL) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,859 shares of the enterprise software provider’s stock after selling 476 shares during the period. Leisure Capital Management’s holdings in Oracle Corp. were worth $1,386,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ORCL. Donald L. Hagan LLC boosted its stake in shares of Oracle Corp. by 1.7% in the first quarter. Donald L. Hagan LLC now owns 20,221 shares of the enterprise software provider’s stock worth $827,000 after buying an additional 331 shares during the period. TNB Financial boosted its stake in shares of Oracle Corp. by 8.0% in the first quarter. TNB Financial now owns 150,046 shares of the enterprise software provider’s stock worth $6,136,000 after buying an additional 11,175 shares during the period. Quotient Investors LLC boosted its stake in shares of Oracle Corp. by 11.4% in the first quarter. Quotient Investors LLC now owns 35,863 shares of the enterprise software provider’s stock worth $1,467,000 after buying an additional 3,681 shares during the period. Manning & Napier Advisors LLC boosted its stake in shares of 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 worth $9,756,000 after buying an additional 2,170 shares during the period. Finally, Brookstone Capital Management boosted its stake in shares of Oracle Corp. by 16.9% in the first quarter. Brookstone Capital Management now owns 8,752 shares of the enterprise software provider’s stock worth $358,000 after buying an additional 1,267 shares during the period. 58.00% of the stock is owned by institutional investors and hedge funds.

Shares of Oracle Corp. (NYSE:ORCL) traded up 0.54% during mid-day trading on Wednesday, reaching $39.28. 4,841,011 shares of the company traded hands. The stock has a market capitalization of $161.79 billion, a PE ratio of 18.66 and a beta of 1.08. The stock’s 50 day moving average is $40.87 and its 200 day moving average is $40.35. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00.

Oracle Corp. (NYSE:ORCL) last announced its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The company had revenue of $8.60 billion for the quarter. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Oracle Corp. will post $2.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is currently 28.57%.

A number of equities research analysts recently weighed in on ORCL shares. Vetr raised shares of Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $45.46 price target for the company in a research report on Monday, September 12th. Barclays PLC reissued a “buy” rating on shares of Oracle Corp. in a research report on Monday, September 12th. Zacks Investment Research cut shares of Oracle Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Atlantic Securities cut shares of Oracle Corp. from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $48.00 to $44.00 in a research report on Tuesday, July 19th. Finally, Jefferies Group reissued a “buy” rating on shares of Oracle Corp. in a research report on Wednesday, July 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $44.88.

In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the business’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 sale, the director now owns 8,281 shares of the company’s stock, valued at approximately $332,564.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $4,925,784.65. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.

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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