Oracle Corporation (ORCL) Position Increased by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its stake in Oracle Corporation (NYSE:ORCL) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,717,395 shares of the enterprise software provider’s stock after buying an additional 482,220 shares during the quarter. Oracle Corporation makes up approximately 5.0% of First Eagle Investment Management LLC’s investment portfolio, making the stock its largest position. First Eagle Investment Management LLC owned about 1.01% of Oracle Corporation worth $2,091,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Baystate Wealth Management LLC grew its holdings in Oracle Corporation by 9.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 206 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Oracle Corporation by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Oracle Corporation in the 2nd quarter valued at $129,000. Cribstone Capital Management LLC grew its holdings in Oracle Corporation by 5.0% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock valued at $131,000 after buying an additional 124 shares in the last quarter. Finally, TrimTabs Asset Management LLC grew its holdings in Oracle Corporation by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares in the last quarter. Institutional investors own 57.95% of the company’s stock.

ORCL has been the subject of several analyst reports. Vetr cut Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 target price for the company. in a report on Sunday, September 3rd. Zacks Investment Research cut Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 price target on shares of Oracle Corporation in a report on Sunday, August 27th. Finally, BidaskClub upgraded Oracle Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $53.73.

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Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

In related news, EVP Dorian Daley sold 76,703 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,822,112 over the last three months. Corporate insiders own 29.00% of the company’s stock.

Oracle Corporation 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.

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

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