Oracle Corporation (ORCL) Stake Increased by Capital Investment Counsel Inc

Capital Investment Counsel Inc grew its stake in shares of Oracle Corporation (NYSE:ORCL) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,088 shares of the enterprise software provider’s stock after acquiring an additional 55 shares during the quarter. Oracle Corporation comprises about 1.4% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 16th biggest holding. Capital Investment Counsel Inc’s holdings in Oracle Corporation were worth $3,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Advisory Services Network LLC purchased a new stake in shares of Oracle Corporation during the 1st quarter valued at about $974,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Oracle Corporation by 3.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 497,761 shares of the enterprise software provider’s stock valued at $22,205,000 after acquiring an additional 15,623 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Oracle Corporation by 18.6% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 183,506 shares of the enterprise software provider’s stock valued at $8,186,000 after acquiring an additional 28,774 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Oracle Corporation by 3.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 4,337,349 shares of the enterprise software provider’s stock valued at $193,319,000 after acquiring an additional 155,325 shares during the last quarter. Finally, Smithfield Trust Co. boosted its holdings in shares of Oracle Corporation by 0.6% during the 1st quarter. Smithfield Trust Co. now owns 22,028 shares of the enterprise software provider’s stock valued at $983,000 after acquiring an additional 125 shares during the last quarter. 57.95% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock valued at $14,822,112 over the last 90 days. 29.00% of the stock is currently owned by company insiders.

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

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

A number of brokerages have recently issued reports on ORCL. Jefferies Group LLC raised their price target on shares of Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, September 15th. Credit Suisse Group began coverage on shares of Oracle Corporation in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective on the stock. Zacks Investment Research cut shares of Oracle Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Vetr cut shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $51.74 price objective on the stock. in a research note on Tuesday, October 24th. Finally, KeyCorp reiterated a “buy” rating and issued a $61.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $53.73.

About Oracle Corporation

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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