Artisan Partners Limited Partnership Sells 1,056,948 Shares of Oracle Corporation (ORCL)

Artisan Partners Limited Partnership decreased its position in Oracle Corporation (NYSE:ORCL) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,253,686 shares of the enterprise software provider’s stock after selling 1,056,948 shares during the period. Oracle Corporation makes up 1.2% of Artisan Partners Limited Partnership’s portfolio, making the stock its 17th largest position. Artisan Partners Limited Partnership owned 0.35% of Oracle Corporation worth $635,857,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Reilly Financial Advisors LLC raised its stake in Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 200 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 2,300 shares during the last quarter. Gradient Investments LLC raised its stake in Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock worth $114,000 after buying an additional 1,132 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares during the last quarter. Finally, Orrstown Financial Services Inc. raised its stake in Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock worth $130,000 after buying an additional 1,372 shares during the last quarter. Institutional investors own 58.79% of the company’s stock.

Shares of Oracle Corporation (ORCL) opened at 48.62 on Friday. The firm has a 50-day moving average price of $49.83 and a 200-day moving average price of $45.71. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85. The firm has a market capitalization of $201.13 billion, a price-to-earnings ratio of 22.00 and a beta of 1.06.

Oracle Corporation (NYSE:ORCL) last issued its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. During the same period in the prior year, the firm posted $0.81 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Oracle Corporation will post $2.96 earnings per share for the current fiscal 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 1.56%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s payout ratio is currently 34.55%.

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Several brokerages have commented on ORCL. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Oracle Corporation in a research note on Tuesday, July 25th. Benchmark Co. increased their price target on shares of Oracle Corporation from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, June 22nd. KeyCorp upgraded shares of Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 price target on the stock in a research note on Wednesday, July 5th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $49.00 price target on shares of Oracle Corporation in a research note on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $50.81.

In other Oracle Corporation news, CEO Mark V. Hurd sold 350,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at approximately $27,561,616.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $44.57, for a total value of $167,137.50. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $807,831.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,817,500 shares of company stock worth $91,560,925. Insiders own 29.00% of the company’s stock.

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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