Global X Japan Co. Ltd. Cuts Stake in Oracle Corporation (NYSE:ORCL)

Global X Japan Co. Ltd. trimmed its position in Oracle Corporation (NYSE:ORCL - Free Report) by 10.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,280 shares of the enterprise software provider's stock after selling 1,261 shares during the quarter. Global X Japan Co. Ltd.'s holdings in Oracle were worth $1,577,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ORCL. Cookson Peirce & Co. Inc. grew its stake in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after purchasing an additional 60 shares during the last quarter. New England Capital Financial Advisors LLC increased its stake in shares of Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock valued at $177,000 after buying an additional 64 shares during the period. Cape ANN Savings Bank raised its holdings in shares of Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after acquiring an additional 65 shares in the last quarter. Greenwood Gearhart Inc. lifted its stake in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares during the period. Finally, WorthPointe LLC increased its position in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after purchasing an additional 67 shares during the period. Institutional investors own 42.44% of the company's stock.

Insider Activity

In other news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The sale was disclosed in a document filed 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 on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock valued at $80,183,723 in the last ninety days. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

ORCL has been the topic of a number of research reports. Stifel Nicolaus boosted their price target on shares of Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday, June 12th. Wall Street Zen downgraded Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a research note on Wednesday. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a research report on Wednesday. Finally, Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $196.74.

Oracle Stock Performance

ORCL stock traded up $2.45 during trading on Thursday, reaching $210.63. The stock had a trading volume of 15,046,293 shares, compared to its average volume of 9,813,175. The stock's 50 day moving average is $157.39 and its two-hundred day moving average is $161.16. 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 market cap of $589.13 billion, a PE ratio of 48.53, a PEG ratio of 3.12 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

About Oracle

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.