Baystate Wealth Management LLC boosted its position in Oracle Corporation (NYSE:ORCL) by 9.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,439 shares of the enterprise software provider’s stock after buying an additional 206 shares during the period. Baystate Wealth Management LLC’s holdings in Oracle Corporation were worth $123,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ORCL. State Street Corp boosted its stake in shares of Oracle Corporation by 1.0% in the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock worth $5,495,769,000 after buying an additional 1,187,802 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Oracle Corporation by 2.9% in the first 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 buying an additional 1,521,879 shares in the last quarter. Harris Associates L P boosted its stake in shares of Oracle Corporation by 0.4% in the first quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock worth $1,854,068,000 after buying an additional 156,122 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Oracle Corporation by 3.7% in the first quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock worth $1,839,501,000 after buying an additional 1,467,144 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Oracle Corporation by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after buying an additional 18,351,920 shares in the last quarter. Institutional investors own 58.77% of the company’s stock.

Shares of Oracle Corporation (NYSE ORCL) traded up 0.29% during midday trading on Friday, hitting $48.24. 11,704,784 shares of the stock traded hands. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85. The firm has a market capitalization of $199.55 billion, a PE ratio of 21.83 and a beta of 1.06. The company’s 50-day moving average is $50.10 and its 200 day moving average is $45.40.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. The company had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Analysts anticipate that Oracle Corporation will post $2.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Investors 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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Several brokerages recently issued reports on ORCL. Sanford C. Bernstein reiterated an “outperform” rating and issued a $54.00 price target on shares of Oracle Corporation in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a $49.00 price target on Oracle Corporation and gave the company a “buy” rating in a research note on Monday, June 12th. Canaccord Genuity cut Oracle Corporation to a “buy” rating and boosted their price target for the company from $49.00 to $56.00 in a research note on Thursday, June 22nd. UBS AG reiterated a “buy” rating and issued a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price target (up from $53.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.70.

In related news, CEO Mark V. Hurd sold 350,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the transaction, the chief executive officer now owns 553,891 shares in the company, valued at $27,561,616.16. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were 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 approximately $39,537,075.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,817,500 shares of company stock worth $91,547,388. 29.00% of the stock is owned by 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.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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