HM Payson & Co. boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 584,945 shares of the enterprise software provider’s stock after buying an additional 11,271 shares during the period. Oracle Corporation accounts for 1.2% of HM Payson & Co.’s investment portfolio, making the stock its 25th largest position. HM Payson & Co.’s holdings in Oracle Corporation were worth $26,095,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Reilly Financial Advisors LLC increased its position 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 position 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 position 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 position 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 position 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. Institutional investors and hedge funds own 58.79% of the company’s stock.

Shares of Oracle Corporation (ORCL) traded up 0.33% on Wednesday, hitting $48.99. The company had a trading volume of 3,151,028 shares. The company has a 50 day moving average of $49.98 and a 200-day moving average of $45.60. The company has a market cap of $202.66 billion, a price-to-earnings ratio of 22.17 and a beta of 1.06. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85. Oracle Corporation also was the target of some unusual options trading activity on Tuesday. Traders bought 19,908 call options on the stock. This represents an increase of 103% compared to the typical daily volume of 9,799 call options.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 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 business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. During the same period in the previous year, the company posted $0.81 EPS. Oracle Corporation’s revenue was up 3.3% on a year-over-year basis. On average, analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio is currently 34.55%.

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A number of equities analysts recently commented on ORCL shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $54.00 price objective on shares of Oracle Corporation in a research report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a $49.00 price objective on Oracle Corporation and gave the stock a “buy” rating in a research report on Monday, June 12th. Canaccord Genuity downgraded Oracle Corporation to a “buy” rating and lifted their price objective for the stock from $49.00 to $56.00 in a research report on Thursday, June 22nd. UBS AG reiterated a “buy” rating and set a $52.00 price objective (up previously from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Drexel Hamilton restated a “buy” rating and issued a $62.00 target price (up previously from $53.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.70.

In related news, 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 value of $183,225.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $885,587.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,817,500 shares of company stock worth $91,560,925. 29.00% of the stock is currently owned by corporate insiders.

About Oracle Corporation

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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