BB&T Corp Sells 21,117 Shares of Oracle Corporation (NYSE:ORCL)

BB&T Corp decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 275,607 shares of the enterprise software provider’s stock after selling 21,117 shares during the period. BB&T Corp’s holdings in Oracle Corporation were worth $13,818,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Boston Partners boosted its position in shares of Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares during the period. Quotient Investors LLC boosted its position in shares of Oracle Corporation by 263.2% in the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock worth $1,865,000 after buying an additional 30,300 shares during the period. BerganKDV Wealth Management LLC boosted its position in shares of Oracle Corporation by 2.3% in the second quarter. BerganKDV Wealth Management LLC now owns 11,586 shares of the enterprise software provider’s stock worth $581,000 after buying an additional 255 shares during the period. Gateway Investment Advisers LLC boosted its position in shares of Oracle Corporation by 0.9% in the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock worth $83,312,000 after buying an additional 17,458 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Oracle Corporation by 16.2% in the fourth quarter. Macquarie Group Ltd. now owns 288,854 shares of the enterprise software provider’s stock worth $11,107,000 after buying an additional 40,221 shares during the period. 58.77% of the stock is owned by institutional investors.

Oracle Corporation (NYSE:ORCL) traded up 0.46% on Friday, reaching $48.32. 6,850,462 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $50.16 and a 200 day moving average price of $45.34. The firm has a market cap of $199.88 billion, a PE ratio of 21.86 and a beta of 1.06. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.11. The company had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. Oracle Corporation’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. On average, equities analysts anticipate that Oracle Corporation will post $2.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio is currently 34.55%.

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A number of research analysts recently issued reports on ORCL shares. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Oracle Corporation in a report on Tuesday, July 25th. Benchmark Co. lifted their target price on shares of Oracle Corporation from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, June 22nd. KeyCorp raised shares of Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 target price for the company in a report on Wednesday, July 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $49.00 target price on shares of Oracle Corporation in a report on Friday, May 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.70.

In other Oracle Corporation news, CEO Mark V. Hurd sold 350,000 shares of Oracle Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $49.76, for a total value of $17,416,000.00. Following the completion of the transaction, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at approximately $27,561,616.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total value of $7,708,500.00. Following the completion of the transaction, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,817,500 shares of company stock valued at $91,547,388. 29.00% of the stock is currently owned by corporate insiders.

Oracle Corporation Company 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.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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