OLD Dominion Capital Management Inc. grew its position in Oracle Co. (NYSE:ORCL) by 6.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,430 shares of the enterprise software provider’s stock after acquiring an additional 587 shares during the period. OLD Dominion Capital Management Inc.’s holdings in Oracle were worth $473,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ORCL. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Oracle 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 worth $112,000 after acquiring an additional 2,300 shares during the period. TrimTabs Asset Management LLC raised its position in shares of Oracle by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares during the period. Baystate Wealth Management LLC raised its position in shares of Oracle by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Oracle in the second quarter worth about $129,000. Finally, Heritage Trust Co acquired a new position in shares of Oracle in the first quarter worth about $130,000. Institutional investors and hedge funds own 57.83% of the company’s stock.

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Oracle Co. (NYSE:ORCL) opened at 49.25 on Monday. Oracle Co. has a 52-week low of $37.64 and a 52-week high of $53.14. The company has a 50 day moving average of $49.37 and a 200-day moving average of $47.81. The stock has a market capitalization of $205.52 billion, a P/E ratio of 21.42 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle had a net margin of 24.06% and a return on equity of 16.14%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. Equities research analysts anticipate that Oracle Co. will post $2.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.54%. Oracle’s dividend payout ratio is presently 33.19%.

In related news, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total transaction of $183,225.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $885,587.50. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock worth $14,822,112 over the last ninety days. 29.00% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on the stock. Jefferies Group LLC upped their price objective on shares of Oracle from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, September 15th. Credit Suisse Group assumed coverage on shares of Oracle in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective for the company. KeyCorp reiterated a “buy” rating and issued a $61.00 price objective on shares of Oracle in a research report on Tuesday, July 18th. BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group restated a “buy” rating and set a $63.00 price target on shares of Oracle in a research report on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $53.37.

Oracle 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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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