Achmea Investment Management B.V. acquired a new stake in Oracle Corporation (NYSE:ORCL) during the first quarter, Holdings Channel reports. The institutional investor acquired 287,789 shares of the enterprise software provider’s stock, valued at approximately $12,838,000. Oracle Corporation accounts for about 0.6% of Achmea Investment Management B.V.’s holdings, making the stock its 28th largest position.

Other hedge funds also recently modified their holdings of the company. Reilly Financial Advisors LLC increased its stake in shares of Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 200 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 2,300 shares during the last quarter. Gradient Investments LLC increased its stake in shares of Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock worth $114,000 after buying an additional 1,132 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares during the last quarter. Finally, Orrstown Financial Services Inc. increased its stake in shares of Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock worth $130,000 after buying an additional 1,372 shares during the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

Shares of Oracle Corporation (NYSE ORCL) traded up 0.985% during mid-day trading on Monday, hitting $48.715. 2,514,106 shares of the stock traded hands. The company has a market cap of $201.52 billion, a P/E ratio of 22.043 and a beta of 1.06. The firm has a 50 day moving average of $50.10 and a 200 day moving average of $45.40. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. The firm had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. Oracle Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. Equities analysts anticipate that Oracle Corporation will post $2.96 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. Oracle Corporation’s payout ratio is presently 34.55%.

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Several brokerages have weighed in on ORCL. Bank of America Corporation reduced their price objective on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a report on Friday, June 30th. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, May 16th. Argus raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Friday, June 23rd. Societe Generale lowered Oracle Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $51.00 to $50.00 in a report on Thursday, May 11th. Finally, KeyCorp raised Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 price objective for the company in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $50.70.

In related news, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the transaction, the executive vice president now directly owns 177,988 shares in the company, valued at $9,146,803.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Kurian sold 750,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the transaction, the insider now owns 783,533 shares in the company, valued at $39,537,075.18. The disclosure for this sale can be found here. Insiders have sold 1,813,750 shares of company stock worth $91,377,700 over the last 90 days. 29.00% of the stock is currently owned by company insiders.

Oracle Corporation 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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Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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