Osaic Holdings Inc. Has $52.90 Million Stake in Oracle Co. (NYSE:ORCL)

Osaic Holdings Inc. cut its position in shares of Oracle Co. (NYSE:ORCL) by 15.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 421,101 shares of the enterprise software provider’s stock after selling 76,513 shares during the quarter. Osaic Holdings Inc.’s holdings in Oracle were worth $52,904,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $1,210,181,000. Boston Partners grew its position in shares of Oracle by 382.4% in the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after acquiring an additional 3,617,413 shares during the period. Capital World Investors increased its stake in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after purchasing an additional 3,323,334 shares during the last quarter. Parnassus Investments LLC grew its holdings in Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after purchasing an additional 2,191,342 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its stake in Oracle by 30,724.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,056,289 shares of the enterprise software provider’s stock valued at $216,795,000 after acquiring an additional 2,049,618 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ORCL shares. JPMorgan Chase & Co. lifted their target price on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Argus increased their price target on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Citigroup lowered their price objective on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. DA Davidson reissued a “neutral” rating and set a $105.00 price objective on shares of Oracle in a report on Wednesday, June 12th. Finally, Mizuho increased their target price on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $145.83.

Oracle Stock Up 1.2 %

Shares of ORCL traded up $1.63 during trading hours on Monday, reaching $140.19. The stock had a trading volume of 2,940,145 shares, compared to its average volume of 8,526,078. The firm has a 50-day simple moving average of $133.18 and a 200 day simple moving average of $122.16. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $146.59. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The company has a market capitalization of $386.34 billion, a price-to-earnings ratio of 37.82, a P/E/G ratio of 2.51 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insiders Place Their Bets

In other news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,952,500 shares of company stock valued at $277,298,174. Insiders own 42.80% of the company’s stock.

Oracle Company Profile

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.