Municipal Employees Retirement System of Michigan reduced its stake in shares of Oracle Corporation (NYSE:ORCL) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,560 shares of the enterprise software provider’s stock after selling 610 shares during the quarter. Oracle Corporation comprises approximately 0.4% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 28th largest holding. Municipal Employees Retirement System of Michigan’s holdings in Oracle Corporation were worth $8,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in ORCL. Macquarie Group Ltd. raised its stake in 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 worth $831,551,000 after acquiring an additional 18,351,920 shares in the last quarter. Boston Partners raised its stake in Oracle Corporation by 20.1% during the 1st quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after acquiring an additional 3,054,765 shares in the last quarter. Swiss National Bank raised its stake in Oracle Corporation by 26.2% during the 1st quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock worth $496,863,000 after acquiring an additional 2,309,400 shares in the last quarter. Marathon Asset Management LLP raised its stake in Oracle Corporation by 70.7% during the 2nd quarter. Marathon Asset Management LLP now owns 4,398,780 shares of the enterprise software provider’s stock worth $220,555,000 after acquiring an additional 1,821,601 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in 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 worth $2,397,824,000 after acquiring an additional 1,521,879 shares in the last quarter. Hedge funds and other institutional investors own 58.64% of the company’s stock.

Oracle Corporation (NYSE ORCL) opened at 48.16 on Friday. 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 $49.85 and its 200 day moving average is $47.11. The firm has a market cap of $200.97 billion, a price-to-earnings ratio of 20.95 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion during 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%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, equities research analysts predict that Oracle Corporation will post $2.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is 33.19%.

In other news, EVP W Corey West sold 150,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $51.39, for a total value 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 $9,146,803.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 1,712,500 shares of company stock valued at $86,140,450 over the last three months. 29.00% of the stock is owned by insiders.

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Several equities research analysts recently commented on ORCL shares. Rosenblatt Securities reiterated a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a research note on Monday, September 11th. Vetr lowered shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective on the stock. in a research note on Tuesday, September 12th. Sanford C. Bernstein restated an “outperform” rating and issued a $54.00 price objective on shares of Oracle Corporation in a research note on Tuesday, June 13th. BTIG Research restated a “buy” rating and issued a $58.00 price objective on shares of Oracle Corporation in a research note on Tuesday, September 19th. Finally, Moffett Nathanson assumed coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $53.33.

Oracle Corporation 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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