Markston International LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 3.7% in the second quarter, Holdings Channel reports. The institutional investor owned 296,209 shares of the enterprise software provider’s stock after selling 11,240 shares during the period. Oracle accounts for approximately 1.9% of Markston International LLC’s portfolio, making the stock its 15th biggest position. Markston International LLC’s holdings in Oracle were worth $16,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Two Sigma Advisers LP increased its position in Oracle by 7.7% during the 2nd quarter. Two Sigma Advisers LP now owns 828,084 shares of the enterprise software provider’s stock valued at $45,768,000 after buying an additional 58,900 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Oracle by 7.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,868,789 shares of the enterprise software provider’s stock valued at $158,558,000 after purchasing an additional 207,959 shares during the last quarter. Hayek Kallen Investment Management boosted its stake in Oracle by 1.2% during the 2nd quarter. Hayek Kallen Investment Management now owns 61,380 shares of the enterprise software provider’s stock valued at $3,392,000 after purchasing an additional 701 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Oracle by 4.4% during the 2nd quarter. Principal Financial Group Inc. now owns 3,888,068 shares of the enterprise software provider’s stock valued at $214,893,000 after purchasing an additional 162,661 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Oracle by 1.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,563,935 shares of the enterprise software provider’s stock valued at $196,925,000 after purchasing an additional 53,894 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

In other news, EVP Dorian Daley sold 112,500 shares of Oracle 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 sale, the executive vice president now directly owns 112,500 shares of the company’s stock, valued at $6,856,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO W Corey West sold 4,793 shares of Oracle stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $61.11, for a total value of $292,900.23. Following the completion of the sale, the chief accounting officer now directly owns 115,006 shares in the company, valued at $7,028,016.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,429,673 shares of company stock worth $352,552,167. Insiders own 36.60% of the company’s stock.

Oracle stock traded down $0.23 during trading on Friday, reaching $59.95. The company had a trading volume of 1,802,812 shares, compared to its average volume of 13,714,858. Oracle Co. has a 52 week low of $39.71 and a 52 week high of $61.86. The firm’s 50-day simple moving average is $56.14 and its 200 day simple moving average is $53.33. The firm has a market capitalization of $184.67 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.44 and a beta of 0.83. 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 (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 10th. The enterprise software provider reported $0.93 EPS for the quarter, beating the Zacks’ 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 firm earned $0.81 EPS. On average, analysts predict that Oracle Co. will post 3.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. Oracle’s dividend payout ratio is presently 27.75%.

Several analysts have commented on ORCL shares. Needham & Company LLC reiterated a “hold” rating on shares of Oracle in a research note on Thursday, July 9th. Citigroup increased their target price on Oracle from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. BMO Capital Markets increased their target price on Oracle from $57.00 to $63.00 and gave the company a “market perform” rating in a research note on Friday, September 11th. They noted that the move was a valuation call. BNP Paribas downgraded Oracle from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research note on Monday, June 1st. Finally, Wells Fargo & Company raised their price target on Oracle from $62.50 to $68.75 and gave the stock an “overweight” rating in a research note on Friday, September 11th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $59.34.

Oracle Company 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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