Factory Mutual Insurance Co. Boosts Holdings in Oracle Corporation (NYSE:ORCL)

Factory Mutual Insurance Co. boosted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 165.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 197,956 shares of the enterprise software provider's stock after purchasing an additional 123,500 shares during the quarter. Factory Mutual Insurance Co.'s holdings in Oracle were worth $27,676,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. FMR LLC boosted its holdings in Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after acquiring an additional 156,269 shares in the last quarter. Geode Capital Management LLC grew its stake in Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after acquiring an additional 619,619 shares during the period. Franklin Resources Inc. increased its holdings in shares of Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after acquiring an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 over the last quarter. Corporate insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on ORCL. Morgan Stanley restated an "overweight" rating on shares of Oracle in a research note on Wednesday. Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Guggenheim lifted their price target on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Loop Capital set a $135.00 price objective on Oracle in a report on Tuesday, June 10th. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $195.39.

Oracle Stock Performance

Shares of ORCL stock traded up $2.45 during trading hours on Wednesday, hitting $210.63. 15,027,156 shares of the company were exchanged, compared to its average volume of 9,820,298. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.60. The company has a current ratio of 0.75, a quick ratio of 1.02 and a debt-to-equity ratio of 4.07. The firm has a fifty day simple moving average of $155.97 and a 200 day simple moving average of $160.82. The stock has a market capitalization of $589.13 billion, a price-to-earnings ratio of 48.53, a P/E/G ratio of 3.13 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced 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 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 is presently 46.08%.

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.