Skandinaviska Enskilda Banken AB publ boosted its position in Oracle Corporation (NYSE:ORCL) by 105.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,168,149 shares of the enterprise software provider’s stock after buying an additional 598,327 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Oracle Corporation were worth $52,111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Reilly Financial Advisors LLC increased its stake 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 valued at $112,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake 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 valued at $112,000 after buying an additional 2,300 shares in the last quarter. Gradient Investments LLC increased its stake 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 valued at $114,000 after buying an additional 1,132 shares in the last quarter. TrimTabs Asset Management LLC increased its stake 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 valued at $120,000 after buying an additional 1,264 shares in the last quarter. Finally, Orrstown Financial Services Inc. increased its stake 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 valued at $130,000 after buying an additional 1,372 shares in the last quarter. Institutional investors own 58.79% of the company’s stock.

Oracle Corporation (NYSE:ORCL) traded up 0.338% during mid-day trading on Wednesday, hitting $48.995. The stock had a trading volume of 3,158,085 shares. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85. The stock’s 50 day moving average price is $49.98 and its 200 day moving average price is $45.60. The firm has a market capitalization of $202.68 billion, a price-to-earnings ratio of 22.170 and a beta of 1.06. Oracle Corporation also was the recipient of unusually large options trading activity on Tuesday. Investors acquired 19,908 call options on the stock. This is an increase of approximately 103% compared to the typical 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, topping 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 firm had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Analysts forecast that Oracle Corporation will post $2.96 EPS for the current year.

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

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ORCL has been the subject of several recent analyst reports. Benchmark Co. assumed coverage on shares of Oracle Corporation in a research report on Thursday, April 27th. They set a “buy” rating and a $55.00 price objective for the company. Goldman Sachs Group, Inc. (The) set a $49.00 target price on shares of Oracle Corporation and gave the company a “buy” rating in a report on Monday, June 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $49.00 target price on shares of Oracle Corporation in a report on Friday, May 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 target price on shares of Oracle Corporation in a report on Friday, May 19th. Finally, Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, May 16th. One 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’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.70.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s 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 completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $807,831.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce R. Chizen sold 206,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total transaction of $10,260,937.50. Following the transaction, the director now owns 63,985 shares of the company’s stock, valued at approximately $3,183,253.75. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock valued at $91,560,925 in the last ninety days. Corporate insiders own 29.00% of the company’s stock.

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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