HM Payson & Co. cut its position in shares of Oracle Corporation (NYSE:ORCL) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 583,638 shares of the enterprise software provider’s stock after selling 1,307 shares during the quarter. Oracle Corporation accounts for about 1.3% of HM Payson & Co.’s investment portfolio, making the stock its 23rd largest holding. HM Payson & Co.’s holdings in Oracle Corporation were worth $29,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BB&T Securities LLC increased its position in Oracle Corporation by 2.6% in the second quarter. BB&T Securities LLC now owns 776,472 shares of the enterprise software provider’s stock worth $38,932,000 after buying an additional 19,472 shares during the period. ZWJ Investment Counsel Inc. increased its position in Oracle Corporation by 3.0% in the second quarter. ZWJ Investment Counsel Inc. now owns 707,297 shares of the enterprise software provider’s stock worth $35,464,000 after buying an additional 20,691 shares during the period. First Eagle Investment Management LLC increased its position in Oracle Corporation by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock worth $2,091,710,000 after buying an additional 482,220 shares during the period. Security National Trust Co. increased its position in Oracle Corporation by 2.4% in the second quarter. Security National Trust Co. now owns 45,272 shares of the enterprise software provider’s stock worth $2,269,000 after buying an additional 1,045 shares during the period. Finally, Blair William & Co. IL increased its position in Oracle Corporation by 71.3% in the second quarter. Blair William & Co. IL now owns 384,212 shares of the enterprise software provider’s stock worth $19,264,000 after buying an additional 159,912 shares during the period. Hedge funds and other institutional investors own 57.95% of the company’s stock.

Oracle Corporation (ORCL) opened at $50.18 on Friday. The stock has a market capitalization of $209.84 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.91 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 (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. equities analysts predict that Oracle Corporation will post 2.68 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.51%. Oracle Corporation’s dividend payout ratio (DPR) is currently 33.19%.

ORCL has been the topic of several analyst reports. Vetr lowered Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 target price on the stock. in a research report on Sunday, September 3rd. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Oracle Corporation in a research report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 target price on shares of Oracle Corporation in a research report on Sunday, August 27th. Finally, BidaskClub raised Oracle Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $53.73.

In other Oracle Corporation news, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 305,776 shares of company stock worth $14,822,112. 29.00% of the stock is owned by corporate insiders.

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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.

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

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