Weiss Multi Strategy Advisers LLC bought a new stake in Oracle Corporation (NYSE:ORCL) during the first quarter, Holdings Channel reports. The fund bought 340,346 shares of the enterprise software provider’s stock, valued at approximately $15,183,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Swarthmore Group Inc. raised its position in shares of Oracle Corporation by 4,112.8% in the first quarter. Swarthmore Group Inc. now owns 379,150 shares of the enterprise software provider’s stock worth $16,914,000 after buying an additional 370,150 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of Oracle Corporation by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 2,673,094 shares of the enterprise software provider’s stock worth $119,243,000 after buying an additional 76,982 shares during the period. Bonness Enterprises Inc. bought a new position in shares of Oracle Corporation during the first quarter worth $1,816,000. Capital Investment Services of America Inc. raised its position in shares of Oracle Corporation by 1.6% in the first quarter. Capital Investment Services of America Inc. now owns 320,844 shares of the enterprise software provider’s stock worth $14,313,000 after buying an additional 4,983 shares during the period. Finally, Integrated Investment Consultants LLC raised its position in shares of Oracle Corporation by 8.3% in the first quarter. Integrated Investment Consultants LLC now owns 20,832 shares of the enterprise software provider’s stock worth $929,000 after buying an additional 1,592 shares during the period. 58.77% of the stock is owned by hedge funds and other institutional investors.

Oracle Corporation (NYSE ORCL) traded up 0.281% on Friday, reaching $48.235. 4,726,865 shares of the company’s stock traded hands. The stock’s 50 day moving average is $50.16 and its 200 day moving average is $45.34. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85. The firm has a market cap of $199.53 billion, a price-to-earnings ratio of 21.826 and a beta of 1.06.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, topping the Zacks’ 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 period in the previous year, the business posted $0.81 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corporation will post $2.96 EPS for the current fiscal year.

The business also recently disclosed 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 1.58%. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.

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A number of brokerages have weighed in on ORCL. Stifel Nicolaus reiterated a “buy” rating and issued a $52.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Pacific Crest reiterated an “equal weight” rating on shares of Oracle Corporation in a report on Friday, June 23rd. MKM Partners reiterated a “neutral” rating and issued a $48.00 price target (up previously from $45.00) on shares of Oracle Corporation in a report on Friday, June 23rd. Mitsubishi UFJ Financial Group set a $63.00 target price on shares of Oracle Corporation and gave the company a “buy” rating in a report on Monday, June 26th. Finally, Jefferies Group LLC restated a “buy” rating and set a $60.00 target price on shares of Oracle Corporation in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the company. Oracle Corporation has an average rating of “Buy” and an average target price of $50.70.

In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction 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 completion of the transaction, the insider now directly owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction on Monday, June 26th. The stock was sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the transaction, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,817,500 shares of company stock valued at $91,547,388. Company 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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