Oracle Co. (NYSE:ORCL) Shares Purchased by National Pension Service

National Pension Service raised its holdings in Oracle Co. (NYSE:ORCL) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,722,472 shares of the enterprise software provider’s stock after buying an additional 52,641 shares during the period. National Pension Service owned about 0.10% of Oracle worth $287,030,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ORCL. Wellington Management Group LLP increased its position in Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the period. DNB Asset Management AS boosted its holdings in shares of Oracle by 313.4% during the fourth quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock worth $186,255,000 after purchasing an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Oracle by 26,602.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock worth $132,794,000 after buying an additional 1,254,833 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after acquiring an additional 635,994 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Over the last three months, insiders sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is owned by insiders.

Oracle Stock Down 0.6 %

Shares of ORCL stock traded down $0.68 on Thursday, reaching $116.71. 1,185,700 shares of the company’s stock traded hands, compared to its average volume of 8,127,133. The company has a market capitalization of $320.78 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Oracle Co. has a 12-month low of $96.26 and a 12-month high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50 day moving average price is $120.19 and its two-hundred day moving average price is $113.57.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. On average, equities analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent research reports. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. BMO Capital Markets upped their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. HSBC boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. The Goldman Sachs Group raised their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.76.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.