14,665 Shares in Oracle Co. (NYSE:ORCL) Bought by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,665 shares of the enterprise software provider’s stock, valued at approximately $2,071,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westend Capital Management LLC bought a new stake in Oracle during the 1st quarter valued at $25,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the second quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle during the second quarter worth about $35,000. Tidemark LLC purchased a new position in Oracle during the 4th quarter valued at about $29,000. Finally, Frank Rimerman Advisors LLC bought a new position in Oracle during the 4th quarter valued at approximately $30,000. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Company insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ORCL shares. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Mizuho raised their target price on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Sanford C. Bernstein raised their price objective on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $125.00 target price on shares of Oracle in a report on Tuesday, June 25th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.30.

Oracle Stock Down 1.3 %

Oracle stock opened at $139.91 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $146.59. The firm has a market cap of $385.57 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 2.56 and a beta of 1.01. The stock has a fifty day simple moving average of $138.65 and a two-hundred day simple moving average of $128.82.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.13. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS. Equities analysts predict that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.14%. Oracle’s dividend payout ratio is currently 43.13%.

Oracle 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.