Asset Management One Co. Ltd. Increases Stock Position in Oracle Co. (NYSE:ORCL)

Asset Management One Co. Ltd. boosted its holdings in Oracle Co. (NYSE:ORCL) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 651,308 shares of the enterprise software provider’s stock after purchasing an additional 17,975 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Oracle were worth $110,045,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ORCL. R Squared Ltd purchased a new stake in shares of Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC increased its position in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the period. TFC Financial Management Inc. raised its stake in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter worth approximately $44,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORCL. KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Piper Sandler raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. UBS Group lifted their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. BMO Capital Markets increased their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Shares of NYSE:ORCL opened at $174.08 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business’s fifty day moving average price is $169.94 and its two-hundred day moving average price is $165.29. The stock has a market cap of $486.89 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. Oracle Co. has a one year low of $106.51 and a one year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business earned $1.34 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

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.