Handelsbanken Fonder AB purchased a new stake in Oracle Co. (NYSE:ORCL) in the second quarter, Holdings Channel.com reports. The firm purchased 474,402 shares of the enterprise software provider’s stock, valued at approximately $26,220,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Homrich & Berg increased its position in shares of Oracle by 261.8% in the 1st quarter. Homrich & Berg now owns 23,502 shares of the enterprise software provider’s stock worth $1,136,000 after purchasing an additional 17,007 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Oracle by 7.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 198,666 shares of the enterprise software provider’s stock worth $9,602,000 after purchasing an additional 13,448 shares in the last quarter. Cetera Advisors LLC increased its holdings in Oracle by 8.9% in the first quarter. Cetera Advisors LLC now owns 23,414 shares of the enterprise software provider’s stock valued at $1,132,000 after buying an additional 1,916 shares during the last quarter. Frontier Wealth Management LLC raised its stake in Oracle by 88.8% during the first quarter. Frontier Wealth Management LLC now owns 16,442 shares of the enterprise software provider’s stock valued at $795,000 after buying an additional 7,733 shares in the last quarter. Finally, BRYN MAWR TRUST Co lifted its holdings in Oracle by 36.3% during the 1st quarter. BRYN MAWR TRUST Co now owns 61,939 shares of the enterprise software provider’s stock worth $2,994,000 after buying an additional 16,500 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Shares of ORCL stock traded down $0.14 during mid-day trading on Wednesday, hitting $60.80. 1,037,792 shares of the stock traded hands, compared to its average volume of 13,621,295. Oracle Co. has a twelve month low of $39.71 and a twelve month high of $61.86. The company has a debt-to-equity ratio of 6.68, a quick ratio of 3.03 and a current ratio of 2.66. The company’s 50-day simple moving average is $55.93 and its 200-day simple moving average is $53.23. The firm has a market cap of $187.01 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.44 and a beta of 0.83.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, September 10th. The enterprise software provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. Oracle had a return on equity of 85.71% and a net margin of 26.13%. During the same quarter in the previous year, the company earned $0.81 earnings per share. Analysts forecast that Oracle Co. will post 3.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 8th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.58%. Oracle’s payout ratio is currently 27.75%.

In related news, EVP Dorian Daley sold 112,500 shares of Oracle stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $60.95, for a total value of $6,856,875.00. Following the transaction, the executive vice president now directly owns 112,500 shares in the company, valued at approximately $6,856,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO W Corey West sold 5,359 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $61.20, for a total value of $327,970.80. Following the sale, the chief accounting officer now directly owns 115,006 shares in the company, valued at $7,038,367.20. The disclosure for this sale can be found here. Insiders sold a total of 6,422,652 shares of company stock worth $352,123,746 over the last quarter. Insiders own 36.60% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Oracle from $48.00 to $56.00 and gave the company a “hold” rating in a report on Friday, September 11th. Bank of America boosted their target price on shares of Oracle from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. BMO Capital Markets raised their price target on shares of Oracle from $57.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, September 11th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “hold” rating on shares of Oracle in a research report on Friday, September 11th. Finally, Societe Generale increased their price objective on shares of Oracle from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, September 11th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.34.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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