Oppenheimer Asset Management Inc. lifted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,840 shares of the enterprise software provider’s stock after acquiring an additional 11,244 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Oracle Corporation were worth $8,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in shares of Oracle Corporation by 0.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 138,733 shares of the enterprise software provider’s stock worth $6,956,000 after acquiring an additional 1,252 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Oracle Corporation by 13.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 102,745 shares of the enterprise software provider’s stock worth $5,152,000 after acquiring an additional 12,147 shares in the last quarter. Swiss National Bank raised its position in shares of Oracle Corporation by 3.0% during the 2nd quarter. Swiss National Bank now owns 11,470,028 shares of the enterprise software provider’s stock worth $575,107,000 after acquiring an additional 332,100 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Oracle Corporation by 9.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 35,336 shares of the enterprise software provider’s stock worth $1,772,000 after acquiring an additional 3,192 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of Oracle Corporation by 67.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 6,961 shares of the enterprise software provider’s stock worth $349,000 after acquiring an additional 2,803 shares in the last quarter. 58.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Oracle Corporation (ORCL) opened at $49.02 on Tuesday. The company has a market capitalization of $204,580.00, a price-to-earnings ratio of 19.19, a PEG ratio of 1.86 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business’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 2.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is currently 33.19%.

Several equities research analysts have recently weighed in on the company. Vetr lowered Oracle Corporation from a “strong-buy” rating to a “buy” rating and set a $51.82 target price on the stock. in a research report on Monday. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, November 15th. UBS AG reissued a “neutral” rating and set a $55.00 target price (down previously from $57.00) on shares of Oracle Corporation in a research report on Thursday, November 9th. Finally, BidaskClub lowered Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. Eleven research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.85.

In other news, EVP Dorian Daley sold 76,703 shares of Oracle Corporation stock in a transaction on Wednesday, October 4th. The stock was 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 Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,776 shares of company stock valued at $14,821,999. Company insiders own 29.00% of the company’s stock.

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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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