Private Capital Management Inc. continued to hold its position in shares of Oracle Corporation (NYSE:ORCL) during the second quarter, Holdings Channel reports. The fund owned 8,500 shares of the enterprise software provider’s stock at the end of the second quarter. Private Capital Management Inc.’s holdings in Oracle Corporation were worth $426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Douglass Winthrop Advisors LLC boosted its position in shares of Oracle Corporation by 9.6% in the first quarter. Douglass Winthrop Advisors LLC now owns 17,200 shares of the enterprise software provider’s stock valued at $767,000 after buying an additional 1,500 shares during the period. Waverton Investment Management Ltd boosted its position in shares of Oracle Corporation by 1.0% in the first quarter. Waverton Investment Management Ltd now owns 87,283 shares of the enterprise software provider’s stock valued at $3,894,000 after buying an additional 845 shares during the period. Nadler Financial Group Inc. boosted its position in Oracle Corporation by 1.3% in the first quarter. Nadler Financial Group Inc. now owns 32,911 shares of the enterprise software provider’s stock worth $1,468,000 after buying an additional 429 shares during the last quarter. Raymond James Trust N.A. boosted its position in Oracle Corporation by 1.6% in the first quarter. Raymond James Trust N.A. now owns 96,232 shares of the enterprise software provider’s stock worth $4,293,000 after buying an additional 1,539 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC boosted its position in Oracle Corporation by 0.4% in the first quarter. Osborn Williams & Donohoe LLC now owns 131,277 shares of the enterprise software provider’s stock worth $5,856,000 after buying an additional 542 shares during the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

Shares of Oracle Corporation (NYSE:ORCL) traded up 0.80% during midday trading on Wednesday, reaching $49.22. 4,770,632 shares of the company traded hands. The company’s 50 day moving average is $49.98 and its 200-day moving average is $45.60. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85. The stock has a market capitalization of $203.61 billion, a price-to-earnings ratio of 22.27 and a beta of 1.06. Oracle Corporation also was the recipient of some unusual options trading activity on Tuesday. Investors acquired 19,908 call options on the company. This is an increase of 103% compared to the typical daily volume of 9,799 call options.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. The firm had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. Oracle Corporation’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 earnings per share. Equities research analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a dividend of $0.19 per share. The ex-dividend date was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.

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A number of research firms have weighed in on ORCL. KeyCorp reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 18th. MKM Partners reaffirmed a “neutral” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Oracle Corporation in a report on Friday, June 23rd. Cowen and Company reaffirmed an “outperform” rating and issued a $55.00 price objective (up previously from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. Bank of America Corporation reaffirmed a “buy” rating and issued a $62.00 price objective (up previously from $54.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. Finally, Deutsche Bank AG lifted their price objective on shares of Oracle Corporation from $44.00 to $48.00 and gave the company a “hold” rating in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.70.

In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total transaction of $167,137.50. Following the sale, the director now owns 18,125 shares in the company, valued at $807,831.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the sale, the insider now owns 783,533 shares in the company, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. Over the last ninety 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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