Trade Report: The Pointe Capital Management LLC Raises its position in Oracle Corp. (ORCL) as a favorable investment target.

The Pointe Capital Management LLC Raises its position in Oracle Corp. (ORCL) as a favorable investment target.

Pointe Capital Management LLC increased its position in shares of Oracle Corp. (NYSE:ORCL) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,468 shares of the enterprise software provider’s stock after buying an additional 228 shares during the period. Pointe Capital Management LLC’s holdings in Oracle Corp. were worth $551,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Oracle Corp. by 1.4% in the first quarter. Geode Capital Management LLC now owns 26,203,540 shares of the enterprise software provider’s stock worth $1,069,861,000 after buying an additional 349,764 shares in the last quarter. Franklin Resources Inc. boosted its stake in Oracle Corp. by 1.8% in the first quarter. Franklin Resources Inc. now owns 24,814,184 shares of the enterprise software provider’s stock worth $1,015,154,000 after buying an additional 448,586 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Oracle Corp. by 8.4% in the first quarter. TIAA CREF Investment Management LLC now owns 23,110,948 shares of the enterprise software provider’s stock worth $945,469,000 after buying an additional 1,781,709 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Oracle Corp. by 15.0% in the first quarter. Loomis Sayles & Co. L P now owns 22,106,113 shares of the enterprise software provider’s stock worth $904,361,000 after buying an additional 2,888,674 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Oracle Corp. by 9.4% in the second quarter. Nordea Investment Management AB now owns 14,913,986 shares of the enterprise software provider’s stock worth $610,429,000 after buying an additional 1,284,631 shares in the last quarter. 58.24% of the stock is currently owned by institutional investors.

Shares of Oracle Corp. (NYSE:ORCL) traded up 0.11% during midday trading on Wednesday, reaching $38.05. 8,926,032 shares of the company’s stock traded hands. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00. The company has a 50-day moving average of $39.98 and a 200-day moving average of $40.27. The company has a market capitalization of $156.22 billion, a price-to-earnings ratio of 18.08 and a beta of 1.23.

Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. Equities research analysts anticipate that Oracle Corp. will post $2.63 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s payout ratio is presently 28.57%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Oracle Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Vetr upgraded shares of Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $46.33 target price for the company in a research note on Tuesday, September 6th. DA Davidson reiterated a “buy” rating and issued a $52.00 target price on shares of Oracle Corp. in a research note on Saturday, September 17th. Cowen and Company assumed coverage on shares of Oracle Corp. in a research note on Thursday, June 23rd. They issued an “outperform” rating and a $46.00 target price for the company. Finally, Credit Agricole SA reiterated a “sell” rating on shares of Oracle Corp. in a research note on Friday, June 17th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have issued a buy rating to the company. Oracle Corp. presently has a consensus rating of “Buy” and an average target price of $44.76.

In related news, EVP Dorian Daley sold 16,065 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the sale, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at $990,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $40.16, for a total transaction of $150,600.00. Following the completion of the sale, the director now directly owns 8,281 shares of the company’s stock, valued at $332,564.96. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by insiders.

About Oracle Corp.

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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