Rakuten Securities Inc. Has $343,000 Stock Position in Oracle Co. (NYSE:ORCL)

Rakuten Securities Inc. grew its holdings in Oracle Co. (NYSE:ORCL) by 49.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,454 shares of the enterprise software provider’s stock after acquiring an additional 815 shares during the quarter. Rakuten Securities Inc.’s holdings in Oracle were worth $343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $30,000. Hurley Capital LLC bought a new position in Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC acquired a new position in Oracle in the 4th quarter valued at $34,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the 4th quarter valued at $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Oracle during the 4th quarter worth $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL stock opened at $210.94 on Tuesday. The stock has a market capitalization of $589.98 billion, a PE ratio of 51.57, a PEG ratio of 3.46 and a beta of 1.32. The business’s 50 day simple moving average is $154.61 and its 200 day simple moving average is $160.49. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a one year low of $118.86 and a one year high of $216.60.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Oracle from $150.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, June 12th. Westpark Capital boosted their target price on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $195.00 price target (up previously from $145.00) on shares of Oracle in a research report on Friday. Wall Street Zen cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Guggenheim restated a “buy” rating and set a $220.00 target price on shares of Oracle in a research note on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $194.32.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 427,366 shares of company stock worth $80,183,723. Company insiders own 42.20% of the company’s stock.

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.