Neuberger Berman Group LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,563,935 shares of the enterprise software provider’s stock after acquiring an additional 53,894 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.12% of Oracle worth $196,925,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Modus Advisors LLC purchased a new stake in Oracle in the second quarter worth $25,000. Balentine LLC purchased a new stake in Oracle in the first quarter worth $31,000. Okabena Investment Services Inc. purchased a new stake in Oracle in the second quarter worth $34,000. Rockbridge Investment Management LCC purchased a new stake in shares of Oracle in the second quarter worth $44,000. Finally, Solstein Capital LLC grew its stake in shares of Oracle by 57.4% in the first quarter. Solstein Capital LLC now owns 987 shares of the enterprise software provider’s stock worth $48,000 after acquiring an additional 360 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

In related news, EVP Dorian Daley sold 112,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 112,500 shares of the company’s stock, valued at approximately $6,856,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,400,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $55.60, for a total value of $77,840,000.00. Following the completion of the transaction, the chairman now directly owns 1,140,132,353 shares of the company’s stock, valued at approximately $63,391,358,826.80. The disclosure for this sale can be found here. Insiders sold 6,422,652 shares of company stock worth $352,123,746 in the last 90 days. Company insiders own 36.60% of the company’s stock.

ORCL has been the topic of a number of recent research reports. BNP Paribas downgraded Oracle from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a report on Monday, June 1st. Royal Bank of Canada lifted their target price on Oracle from $51.00 to $60.00 and gave the company a “sector perform” rating in a research note on Friday, September 11th. BMO Capital Markets raised their price target on Oracle from $57.00 to $63.00 and gave the company a “market perform” rating in a report on Friday, September 11th. They noted that the move was a valuation call. Needham & Company LLC restated a “hold” rating on shares of Oracle in a report on Thursday, July 9th. Finally, Sanford C. Bernstein restated a “buy” rating and set a $70.00 price target on shares of Oracle in a report on Monday. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company’s stock. Oracle has a consensus rating of “Hold” and an average target price of $59.34.

Oracle stock traded down $0.62 during trading hours on Wednesday, hitting $60.32. 1,305,267 shares of the stock traded hands, compared to its average volume of 13,621,295. The company has a debt-to-equity ratio of 6.68, a current ratio of 2.66 and a quick ratio of 3.03. The firm’s 50 day moving average price is $55.93 and its 200-day moving average price is $53.23. The stock has a market capitalization of $187.01 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.44 and a beta of 0.83. Oracle Co. has a 1 year low of $39.71 and a 1 year high of $61.86.

Oracle (NYSE:ORCL) last issued its earnings results on Thursday, September 10th. The enterprise software provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $0.81 EPS. Research analysts forecast that Oracle Co. will post 3.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 8th will be paid 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 1.59%. Oracle’s payout ratio is 27.75%.

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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