Eqis Capital Management Inc. boosted its holdings in Oracle Corporation (NYSE:ORCL) by 10.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,227 shares of the enterprise software provider’s stock after acquiring an additional 4,091 shares during the quarter. Eqis Capital Management Inc.’s holdings in Oracle Corporation were worth $2,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. State Street Corp increased its position in shares of Oracle Corporation by 1.0% during the 1st quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after purchasing an additional 1,187,802 shares during the period. Bank of New York Mellon Corp increased its position in shares of Oracle Corporation by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after purchasing an additional 1,521,879 shares during the period. Harris Associates L P increased its position in shares of Oracle Corporation by 0.4% during the 1st quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock valued at $1,854,068,000 after purchasing an additional 156,122 shares during the period. First Eagle Investment Management LLC increased its position in shares of Oracle Corporation by 3.7% during the 1st quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock valued at $1,839,501,000 after purchasing an additional 1,467,144 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of Oracle Corporation by 6,353.4% during the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after purchasing an additional 18,351,920 shares during the period. Hedge funds and other institutional investors own 58.66% of the company’s stock.

In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total transaction of $183,225.00. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $885,587.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 979,073 shares of company stock valued at $48,914,665. Insiders own 29.00% of the company’s stock.

Oracle Corporation (ORCL) traded down 0.20% during mid-day trading on Thursday, hitting $48.80. 5,778,524 shares of the company were exchanged. The company has a market capitalization of $203.64 billion, a P/E ratio of 21.23 and a beta of 1.05. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $53.14. The company’s 50-day moving average is $49.53 and its 200 day moving average is $47.48.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. Oracle Corporation’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. Analysts expect that Oracle Corporation will post $2.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.55%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is currently 33.19%.

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Several brokerages have recently issued reports on ORCL. KeyCorp restated a “buy” rating on shares of Oracle Corporation in a report on Wednesday. Piper Jaffray Companies began coverage on Oracle Corporation in a report on Wednesday. They issued an “overweight” rating and a $55.00 target price on the stock. Drexel Hamilton restated a “buy” rating and issued a $62.00 target price on shares of Oracle Corporation in a report on Monday. BidaskClub cut Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, BTIG Research restated a “buy” rating and issued a $58.00 target price on shares of Oracle Corporation in a report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty-one have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $53.37.

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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