Neuberger Berman Group LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 1.5% in the second quarter, Holdings Channel reports. The institutional investor owned 3,563,935 shares of the enterprise software provider’s stock after buying an additional 53,894 shares during the period. Neuberger Berman Group LLC’s holdings in Oracle were worth $196,925,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. WFA of San Diego LLC bought a new position in Oracle during the 2nd quarter worth approximately $666,000. Quadrature Capital Ltd grew its position in shares of Oracle by 128.3% during the 2nd quarter. Quadrature Capital Ltd now owns 120,301 shares of the enterprise software provider’s stock worth $6,650,000 after buying an additional 67,601 shares during the period. Handelsbanken Fonder AB acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $26,220,000. Asset Dedication LLC grew its position in shares of Oracle by 9.3% during the 2nd quarter. Asset Dedication LLC now owns 24,813 shares of the enterprise software provider’s stock worth $1,363,000 after buying an additional 2,115 shares during the period. Finally, Cypress Capital LLC acquired a new stake in Oracle in the 2nd quarter valued at $1,711,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

ORCL has been the topic of several recent analyst reports. Barclays raised their price objective on Oracle from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th. Sanford C. Bernstein reiterated a “buy” rating and set a $70.00 target price on shares of Oracle in a research note on Monday. Wedbush reiterated a “neutral” rating and set a $52.00 target price (up from $48.00) on shares of Oracle in a research note on Thursday, June 11th. Argus cut Oracle from a “buy” rating to a “hold” rating in a research note on Friday, June 19th. Finally, UBS Group reiterated a “neutral” rating and set a $57.00 target price on shares of Oracle 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 stock. The company has an average rating of “Hold” and an average price target of $59.34.

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $54.08, for a total value of $21,632,000.00. Following the sale, the insider now directly owns 400,000 shares of the company’s stock, valued at $21,632,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 112,500 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 112,500 shares in the company, valued at $6,856,875. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,422,652 shares of company stock valued at $352,123,746. 36.60% of the stock is owned by corporate insiders.

ORCL stock traded down $0.62 during midday trading on Wednesday, hitting $60.32. The company had a trading volume of 1,305,267 shares, compared to its average volume of 13,621,295. The company has a current ratio of 2.66, a quick ratio of 3.03 and a debt-to-equity ratio of 6.68. Oracle Co. has a 52 week low of $39.71 and a 52 week high of $61.86. The stock’s 50 day moving average price is $55.93 and its 200 day moving average price is $53.23. The stock has a market cap of $187.01 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.44 and a beta of 0.83.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 period in the prior year, the company earned $0.81 earnings per share. Analysts predict 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 dividend of $0.24 per share. 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 dividend payout ratio is presently 27.75%.

Oracle Profile

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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