Bremer Trust National Association Lowers Stake in Oracle Corporation (ORCL)

Bremer Trust National Association reduced its position in shares of Oracle Corporation (NYSE:ORCL) by 21.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,155 shares of the enterprise software provider’s stock after selling 2,214 shares during the quarter. Bremer Trust National Association’s holdings in Oracle Corporation were worth $409,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Macquarie Group Ltd. lifted its position in Oracle Corporation by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after buying an additional 18,351,920 shares during the last quarter. Boston Partners lifted its position in 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 last quarter. Swiss National Bank lifted its position in Oracle Corporation by 26.2% in the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock worth $496,863,000 after buying an additional 2,309,400 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Oracle Corporation by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after buying an additional 1,521,879 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Oracle Corporation in the first quarter worth $66,017,000. Hedge funds and other institutional investors own 58.67% of the company’s stock.

In other news, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the transaction, the executive vice president now directly owns 177,988 shares in the company, valued at $9,146,803.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dorian Daley sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $50.94, for a total value of $10,188,000.00. Following the transaction, the executive vice president now owns 130,977 shares of the company’s stock, valued at $6,671,968.38. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock valued at $91,582,600 over the last ninety days. Corporate insiders own 29.00% of the company’s stock.

Oracle Corporation (NYSE ORCL) traded down 7.67% during mid-day trading on Friday, reaching $48.74. The company’s stock had a trading volume of 66,367,857 shares. The firm has a 50-day moving average of $49.96 and a 200-day moving average of $46.98. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14. The stock has a market capitalization of $201.62 billion, a price-to-earnings ratio of 22.05 and a beta of 1.05.

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 21.05% 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. On average, equities research analysts expect that Oracle Corporation will post $2.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

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A number of research firms have weighed in on ORCL. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 target price on shares of Oracle Corporation in a research note on Monday, September 11th. Vetr lowered Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 target price on the stock. in a research note on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $54.00 target price on shares of Oracle Corporation in a research note on Tuesday, June 13th. Moffett Nathanson began coverage on Oracle Corporation in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 target price on Oracle Corporation and gave the stock a “buy” rating in a research note on Monday, June 12th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $52.44.

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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