Oracle Corporation (ORCL) Shares Sold by Meag Munich Ergo Kapitalanlagegesellschaft MBH

Meag Munich Ergo Kapitalanlagegesellschaft MBH cut its position in shares of Oracle Corporation (NYSE:ORCL) by 60.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,177 shares of the enterprise software provider’s stock after selling 189,644 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Oracle Corporation were worth $6,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in Oracle Corporation by 1.0% during the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after buying an additional 1,187,802 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Oracle Corporation by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after buying an additional 1,521,879 shares in the last quarter. Harris Associates L P lifted its position in Oracle Corporation by 0.4% during the first quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock valued at $1,854,068,000 after buying an additional 156,122 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Oracle Corporation by 3.7% during the first quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock valued at $1,839,501,000 after buying an additional 1,467,144 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Oracle Corporation by 6,353.4% during the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after buying an additional 18,351,920 shares in the last quarter. Institutional investors and hedge funds own 58.67% of the company’s stock.

Oracle Corporation (NYSE:ORCL) opened at 52.77 on Wednesday. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $52.89. The company has a market capitalization of $218.29 billion, a PE ratio of 23.88 and a beta of 1.05. The company has a 50-day moving average price of $49.86 and a 200 day moving average price of $46.78.

Oracle Corporation (NYSE:ORCL) last issued its quarterly 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 analysts’ expectations of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, equities research analysts forecast that Oracle Corporation will post $2.95 EPS for the current fiscal year.

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In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $44.57, for a total transaction of $167,137.50. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $807,831.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Chizen sold 206,250 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total value of $10,260,937.50. Following the sale, the director now directly owns 63,985 shares of the company’s stock, valued at approximately $3,183,253.75. The disclosure for this sale can be found here. In the last three months, insiders sold 1,817,500 shares of company stock valued at $91,560,925. Insiders own 29.00% of the company’s stock.

A number of research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Oracle Corporation from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday. BidaskClub raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday. Vetr cut shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 target price on the stock. in a research report on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a research report on Monday. Finally, Moffett Nathanson began coverage on shares of Oracle Corporation in a research report on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $51.63.

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.

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

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