FUKOKU MUTUAL LIFE INSURANCE Co Has $1.97 Million Stock Position in Oracle Co. (NYSE:ORCL)

FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Oracle Co. (NYSE:ORCL) by 9.5% during the third quarter, HoldingsChannel reports. The fund owned 11,546 shares of the enterprise software provider’s stock after acquiring an additional 1,000 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Oracle were worth $1,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new position in Oracle in the second quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle in the 1st quarter valued at approximately $38,000. Finally, Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter valued at approximately $40,000. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent research reports. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Evercore ISI increased their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, September 16th. Finally, Piper Sandler upped their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Trading Down 1.3 %

Shares of ORCL stock opened at $187.08 on Friday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $518.41 billion, a P/E ratio of 48.22, a P/E/G ratio of 3.49 and a beta of 1.02. The stock has a 50-day simple moving average of $170.41 and a 200 day simple moving average of $145.85.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. On average, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.86%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

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.