Oracle Co. (NYSE:ORCL) Stock Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in shares of Oracle Co. (NYSE:ORCL) by 9.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,746 shares of the enterprise software provider’s stock after purchasing an additional 15,380 shares during the period. Daiwa Securities Group Inc.’s holdings in Oracle were worth $25,239,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ORCL. Westend Capital Management LLC bought a new position in Oracle during the first quarter valued at about $25,000. Tidemark LLC bought a new position in shares of Oracle in the 4th quarter valued at approximately $29,000. Nordwand Advisors LLC acquired a new stake in Oracle in the 4th quarter worth approximately $30,000. Frank Rimerman Advisors LLC bought a new stake in Oracle during the fourth quarter worth approximately $30,000. Finally, POM Investment Strategies LLC bought a new position in shares of Oracle in the second quarter valued at approximately $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORCL. BMO Capital Markets lifted their price objective on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday. Morgan Stanley upped their price target on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday. Piper Sandler raised their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Oracle from $110.00 to $120.00 in a report on Monday. Finally, JMP Securities raised Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.79.

Insider Activity at Oracle

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the 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 completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. In the last three months, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by company insiders.

Oracle Stock Down 1.3 %

Shares of Oracle stock opened at $139.91 on Tuesday. The business has a fifty day simple moving average of $138.65 and a 200 day simple moving average of $128.82. The stock has a market cap of $385.57 billion, a PE ratio of 37.71, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.71 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.

Oracle (NYSE:ORCL) last released 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. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the firm earned $0.95 EPS. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. Oracle’s dividend payout ratio (DPR) is presently 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.