Dorsey & Whitney Trust CO LLC Purchases 547 Shares of Oracle Corporation (ORCL)

Dorsey & Whitney Trust CO LLC Purchases 547 Shares of Oracle Corporation (ORCL)

Dorsey & Whitney Trust CO LLC boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 2.4% during the third quarter, Holdings Channel reports. The fund owned 23,733 shares of the enterprise software provider’s stock after buying an additional 547 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Oracle Corporation were worth $931,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Douglas Lane & Associates LLC boosted its position in Oracle Corporation by 1.7% in the second quarter. Douglas Lane & Associates LLC now owns 13,193 shares of the enterprise software provider’s stock worth $540,000 after buying an additional 220 shares during the last quarter. Destination Wealth Management raised its stake in shares of Oracle Corporation by 1.2% in the second quarter. Destination Wealth Management now owns 424,290 shares of the enterprise software provider’s stock worth $17,366,000 after buying an additional 4,873 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of Oracle Corporation by 175.2% in the second quarter. JFS Wealth Advisors LLC now owns 7,194 shares of the enterprise software provider’s stock worth $294,000 after buying an additional 4,580 shares during the period. Bank of Montreal Can acquired a new stake in shares of Oracle Corporation during the second quarter worth about $126,162,000. Finally, MSI Financial Services Inc raised its stake in shares of Oracle Corporation by 4.1% in the second quarter. MSI Financial Services Inc now owns 85,488 shares of the enterprise software provider’s stock worth $3,499,000 after buying an additional 3,360 shares during the period. 57.72% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Corporation (NYSE:ORCL) traded up 0.25% on Friday, reaching $40.23. The company had a trading volume of 9,232,665 shares. The company has a 50-day moving average of $39.36 and a 200 day moving average of $39.82. The stock has a market cap of $165.04 billion, a price-to-earnings ratio of 19.20 and a beta of 1.17. Oracle Corporation has a one year low of $34.47 and a one year high of $42.00.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, December 15th. The enterprise software provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company earned $9.07 billion during the quarter. Oracle Corporation had a return on equity of 21.33% and a net margin of 23.69%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. On average, equities research analysts predict that Oracle Corporation will post $2.56 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 26th. Stockholders of record on Thursday, January 5th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, January 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.49%. Oracle Corporation’s dividend payout ratio (DPR) is presently 28.99%.

A number of analysts have issued reports on the stock. Wedbush boosted their price target on shares of Oracle Corporation from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, December 16th. Royal Bank Of Canada reiterated an “outperform” rating and set a $43.00 price target on shares of Oracle Corporation in a research note on Friday, December 16th. Stifel Nicolaus cut their price target on shares of Oracle Corporation from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, December 16th. Goldman Sachs Group, Inc. (The) set a $47.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a research note on Friday, December 16th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $52.00 target price on shares of Oracle Corporation in a research note on Friday, December 16th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $44.16.

In related news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $38.72, for a total transaction of $1,742,400.00. Following the completion of the sale, the director now owns 52,654 shares in the company, valued at approximately $2,038,762.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $40.85, for a total value of $153,187.50. Following the sale, the director now owns 8,281 shares of the company’s stock, valued at approximately $338,278.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,250 shares of company stock valued at $2,188,650. 29.00% of the stock is currently owned by corporate insiders.

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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