Buckingham Asset Management LLC increased its position in shares of Oracle Corporation (NYSE:ORCL) by 42.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,224 shares of the enterprise software provider’s stock after buying an additional 7,820 shares during the period. Buckingham Asset Management LLC’s holdings in Oracle Corporation were worth $1,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hudock Capital Group LLC raised its position in shares of Oracle Corporation by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock worth $178,000 after buying an additional 10 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its position in shares of Oracle Corporation by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock worth $257,000 after buying an additional 38 shares in the last quarter. Delta Asset Management LLC TN raised its position in shares of Oracle Corporation by 0.6% in the first quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock worth $335,000 after buying an additional 42 shares in the last quarter. Bell Bank raised its position in shares of Oracle Corporation by 0.9% in the first quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock worth $271,000 after buying an additional 57 shares in the last quarter. Finally, Howe & Rusling Inc. raised its position in shares of Oracle Corporation by 2.1% in the first quarter. Howe & Rusling Inc. now owns 4,157 shares of the enterprise software provider’s stock worth $185,000 after buying an additional 84 shares in the last quarter. 58.67% of the stock is currently owned by institutional investors and hedge funds.

Oracle Corporation (ORCL) traded down 0.02% on Tuesday, reaching $49.23. The company’s stock had a trading volume of 930,341 shares. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85. The stock’s 50 day moving average price is $49.77 and its 200 day moving average price is $46.03. The company has a market cap of $203.65 billion, a P/E ratio of 22.28 and a beta of 1.06.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. Oracle Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Oracle Corporation will post $2.95 earnings per share for the current year.

The business 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. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Monday, July 17th. Oracle Corporation’s dividend payout ratio is currently 34.55%.

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Several analysts recently weighed in on the company. UBS AG restated a “buy” rating and set a $52.00 target price (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. BMO Capital Markets increased their target price on Oracle Corporation from $48.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 22nd. Wedbush upgraded Oracle Corporation from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $56.00 to $44.00 in a research note on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a research note on Friday, May 19th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $56.00 target price (up previously from $49.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $50.81.

In other news, Director Bruce R. Chizen sold 206,250 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $49.75, for a total value of $10,260,937.50. Following the transaction, the director now owns 63,985 shares in the company, valued at $3,183,253.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $44.57, for a total transaction of $167,137.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $807,831.25. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock worth $91,560,925 in the last quarter. 29.00% of the stock is owned by corporate 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.

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

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