Assenagon Asset Management S.A. Has $31.50 Million Stake in Oracle Co. (NYSE:ORCL)

Assenagon Asset Management S.A. decreased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 64.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,316 shares of the enterprise software provider's stock after selling 413,133 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Oracle were worth $31,501,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Capital & Planning LLC grew its position in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after acquiring an additional 81 shares during the period. Brighton Jones LLC grew its position in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Oracle in the 4th quarter valued at about $51,084,000. Revolve Wealth Partners LLC grew its position in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Oracle by 13.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 550,414 shares of the enterprise software provider's stock valued at $91,395,000 after acquiring an additional 65,980 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

Oracle stock traded up $15.68 during trading hours on Friday, reaching $215.54. 53,639,099 shares of the stock were exchanged, compared to its average volume of 9,721,350. The company has a market cap of $602.86 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $118.86 and a twelve month high of $216.60. The stock has a 50 day moving average of $152.88 and a two-hundred day moving average of $160.46.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. Equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 427,366 shares of company stock valued at $80,183,723. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Oracle from $160.00 to $186.00 and gave the company a "neutral" rating in a research report on Monday, June 9th. The Goldman Sachs Group increased their price objective on shares of Oracle from $145.00 to $195.00 and gave the company a "neutral" rating in a research report on Friday. Evercore ISI increased their price objective on shares of Oracle from $180.00 to $215.00 and gave the company an "outperform" rating in a research report on Thursday. BMO Capital Markets raised shares of Oracle from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $200.00 to $235.00 in a research report on Friday. Finally, Piper Sandler reissued a "neutral" rating and issued a $130.00 price objective on shares of Oracle in a research report on Wednesday. Twelve investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average target price of $194.32.

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.