Daiwa Securities Group Inc. Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Daiwa Securities Group Inc. lifted its stake in Oracle Co. (NYSE:ORCLFree Report) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 152,573 shares of the enterprise software provider’s stock after purchasing an additional 2,700 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Oracle were worth $16,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Oracle by 94,707.5% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,122,984,792 shares of the enterprise software provider’s stock worth $133,736,259,000 after acquiring an additional 1,121,800,302 shares during the last quarter. BlackRock Inc. raised its position in Oracle by 3.0% during the 2nd quarter. BlackRock Inc. now owns 120,625,641 shares of the enterprise software provider’s stock valued at $14,365,308,000 after purchasing an additional 3,494,674 shares in the last quarter. State Street Corp raised its position in Oracle by 1.5% during the 2nd quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock valued at $7,563,980,000 after purchasing an additional 928,013 shares in the last quarter. Geode Capital Management LLC raised its position in Oracle by 4.9% during the 2nd quarter. Geode Capital Management LLC now owns 29,109,414 shares of the enterprise software provider’s stock valued at $3,456,828,000 after purchasing an additional 1,355,636 shares in the last quarter. Finally, Morgan Stanley raised its position in Oracle by 9.6% during the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after purchasing an additional 1,794,080 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ORCL shares. Morgan Stanley decreased their price objective on Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 12th. BMO Capital Markets lowered their target price on shares of Oracle from $130.00 to $126.00 and set a “market perform” rating for the company in a research note on Tuesday, December 12th. Edward Jones upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Berenberg Bank lifted their target price on shares of Oracle from $82.50 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, September 21st. Finally, Evercore ISI lowered their target price on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

View Our Latest Report on Oracle

Oracle Price Performance

Shares of NYSE ORCL opened at $106.41 on Thursday. Oracle Co. has a one year low of $82.04 and a one year high of $127.54. The company has a debt-to-equity ratio of 18.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a fifty day moving average of $109.46 and a 200 day moving average of $111.81. The firm has a market cap of $292.51 billion, a PE ratio of 29.40, a PEG ratio of 2.04 and a beta of 1.03.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Monday, December 11th. The enterprise software provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.01. Oracle had a net margin of 19.64% and a return on equity of 703.26%. The company had revenue of $12.94 billion for the quarter, compared to analysts’ expectations of $13.05 billion. During the same quarter in the previous year, the company posted $1.21 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 4.45 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.50%. Oracle’s dividend payout ratio (DPR) is presently 44.20%.

Insider Activity

In other Oracle news, Director George H. Conrades sold 2,325 shares of Oracle stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $111.97, for a total transaction of $260,330.25. Following the transaction, the director now directly owns 20,161 shares of the company’s stock, valued at $2,257,427.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director George H. Conrades sold 2,325 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $111.97, for a total transaction of $260,330.25. Following the completion of the sale, the director now owns 20,161 shares in the company, valued at approximately $2,257,427.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 16,300 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the sale, the director now owns 34,771 shares of the company’s stock, valued at approximately $3,686,421.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,950 shares of company stock valued at $2,252,948. 42.80% of the stock is currently owned by insiders.

About Oracle

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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