Thompson Investment Management Inc. Has $5.36 Million Stake in Oracle Corporation (ORCL)

Thompson Investment Management Inc. reduced its stake in Oracle Corporation (NYSE:ORCL) by 0.3% during the first quarter, Holdings Channel reports. The institutional investor owned 120,156 shares of the enterprise software provider’s stock after selling 411 shares during the period. Thompson Investment Management Inc.’s holdings in Oracle Corporation were worth $5,360,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ORCL. Glovista Investments LLC boosted its stake in shares of Oracle Corporation by 4.6% in the fourth quarter. Glovista Investments LLC now owns 8,051 shares of the enterprise software provider’s stock valued at $310,000 after buying an additional 351 shares in the last quarter. Loews Corp increased its position in Oracle Corporation by 4.9% in the fourth quarter. Loews Corp now owns 28,135 shares of the enterprise software provider’s stock valued at $1,082,000 after buying an additional 1,325 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in Oracle Corporation during the fourth quarter valued at $5,350,000. Iberiabank Corp increased its position in Oracle Corporation by 5.7% in the fourth quarter. Iberiabank Corp now owns 21,625 shares of the enterprise software provider’s stock valued at $831,000 after buying an additional 1,173 shares during the last quarter. Finally, Fiduciary Management Inc. WI acquired a new position in Oracle Corporation during the fourth quarter valued at $263,566,000. Institutional investors own 58.53% of the company’s stock.

Shares of Oracle Corporation (NYSE ORCL) opened at 49.35 on Monday. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85. The company has a market cap of $204.15 billion, a price-to-earnings ratio of 22.33 and a beta of 1.07. The stock has a 50 day moving average of $46.11 and a 200 day moving average of $43.14.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The business had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, July 17th. Oracle Corporation’s payout ratio is 34.55%.

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ORCL has been the topic of several recent research reports. Bank of America Corporation increased their price target on shares of Oracle Corporation to $54.00 in a research report on Thursday, March 16th. 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 report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $51.00 price target on shares of Oracle Corporation in a research report on Monday, March 13th. Drexel Hamilton increased their price target on shares of Oracle Corporation from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, March 16th. Finally, BTIG Research reiterated a “buy” rating and issued a $47.00 price target on shares of Oracle Corporation in a research report on Thursday, March 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the stock. Oracle Corporation has an average rating of “Buy” and a consensus target price of $50.48.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $44.00, for a total value of $165,000.00. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at $364,364. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were 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 of the company’s stock, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. In the last three months, insiders sold 1,565,101 shares of company stock valued at $76,075,784. 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.

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

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