Arcadia Investment Management Corp MI lowered its stake in shares of Oracle Corporation (NYSE:ORCL) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,748 shares of the enterprise software provider’s stock after selling 5,660 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Oracle were worth $3,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of ORCL. Schwab Charles Investment Management Inc. boosted its stake in Oracle by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after acquiring an additional 450,836 shares in the last quarter. Partnervest Advisory Services LLC boosted its stake in Oracle by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after acquiring an additional 39 shares in the last quarter. Lockheed Martin Investment Management Co. boosted its stake in Oracle by 125.6% in the second quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock valued at $8,331,000 after acquiring an additional 92,500 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its stake in Oracle by 8.9% in the second quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after acquiring an additional 9,328 shares in the last quarter. Finally, LGT Capital Partners LTD. boosted its stake in shares of Oracle by 14.0% during the second quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock worth $31,260,000 after buying an additional 76,653 shares during the period. 57.70% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total value of $3,758,447.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,776 shares of company stock worth $14,814,687. 29.00% of the stock is owned by company insiders.

Shares of Oracle Corporation (NYSE ORCL) opened at $47.71 on Tuesday. Oracle Corporation has a 1 year low of $38.30 and a 1 year high of $53.14. The stock has a market cap of $199,120.00, a P/E ratio of 18.44, a P/E/G ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.72%. The firm had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the business earned $0.61 earnings per share. Oracle’s revenue was up 6.2% compared to the same quarter last year. analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.

Oracle declared that its Board of Directors has approved a share buyback plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.59%. Oracle’s dividend payout ratio (DPR) is presently 32.62%.

Several equities research analysts have recently weighed in on ORCL shares. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Thursday, September 14th. Drexel Hamilton reiterated a “buy” rating and set a $62.00 target price on shares of Oracle in a research note on Thursday, September 14th. BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Rosenblatt Securities reiterated a “buy” rating and set a $58.00 target price on shares of Oracle in a research note on Monday, September 11th. Finally, Moffett Nathanson started coverage on shares of Oracle in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price for the company. Fourteen equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $55.26.

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Oracle 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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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