Oracle Corporation (ORCL) Shares Bought by Foster & Motley Inc.

Foster & Motley Inc. boosted its stake in Oracle Corporation (NYSE:ORCL) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 239,189 shares of the enterprise software provider’s stock after acquiring an additional 7,249 shares during the period. Oracle Corporation accounts for approximately 2.1% of Foster & Motley Inc.’s holdings, making the stock its 6th biggest holding. Foster & Motley Inc.’s holdings in Oracle Corporation were worth $11,993,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC lifted its position in Oracle Corporation by 0.3% during the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock valued at $178,000 after buying an additional 10 shares during the period. Alpha Windward LLC lifted its position in Oracle Corporation by 0.3% during the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after buying an additional 19 shares during the period. Pointe Capital Management LLC lifted its position in Oracle Corporation by 0.4% during the first quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock valued at $524,000 after buying an additional 45 shares during the period. Bell Bank lifted its position in Oracle Corporation by 0.9% during the first quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock valued at $271,000 after buying an additional 57 shares during the period. Finally, Sentinel Trust Co. LBA lifted its position in Oracle Corporation by 0.3% during the second quarter. Sentinel Trust Co. LBA now owns 19,041 shares of the enterprise software provider’s stock valued at $955,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 57.83% of the company’s stock.

Several equities analysts have commented on the company. UBS AG reissued a “buy” rating and set a $57.00 price objective (up previously from $52.00) on shares of Oracle Corporation in a research report on Friday, September 15th. Barclays PLC raised their price objective on Oracle Corporation from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price objective on Oracle Corporation and gave the company a “buy” rating in a research report on Friday, September 15th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Oracle Corporation in a research report on Friday, September 15th. Finally, Jefferies Group LLC raised their price objective on Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $53.37.

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In related news, insider Thomas Kurian sold 750,000 shares of Oracle Corporation 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 transaction, the insider now owns 783,533 shares in the company, valued at $39,537,075.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Dorian Daley sold 25,776 shares of Oracle Corporation stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total value of $1,238,536.80. Following the transaction, the executive vice president now owns 30,977 shares in the company, valued at approximately $1,488,444.85. The disclosure for this sale can be found here. Insiders sold 1,055,776 shares of company stock worth $52,673,112 over the last ninety days. Corporate insiders own 29.00% of the company’s stock.

Shares of Oracle Corporation (NYSE:ORCL) opened at 48.23 on Friday. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14. The stock’s 50 day moving average price is $49.44 and its 200 day moving average price is $47.61. The stock has a market capitalization of $201.27 billion, a PE ratio of 20.98 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The firm 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 business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. Equities research analysts predict that Oracle Corporation will post $2.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be paid 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 is presently 33.19%.

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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