Meiji Yasuda Life Insurance Co Has $2.56 Million Stock Position in Oracle Corporation $ORCL

Key Points

• Meiji Yasuda Life Insurance Co reduced its stake in Oracle Corporation by 7.6%, holding 18,335 shares valued at approximately $2.56 million.
• Oracle's quarterly earnings exceeded expectations, with $1.70 EPS and revenue of $15.90 billion, reflecting an 11.3% year-over-year increase.
• The company announced a quarterly dividend of $0.50 per share, with a dividend yield of 0.9% and a payout ratio of 46.08%.

Meiji Yasuda Life Insurance Co decreased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 7.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,335 shares of the enterprise software provider's stock after selling 1,509 shares during the quarter. Meiji Yasuda Life Insurance Co's holdings in Oracle were worth $2,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its position in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares during the period. Revolve Wealth Partners LLC boosted its position in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after acquiring an additional 404 shares during the period. Focus Partners Wealth boosted its position in Oracle by 10.5% during the 4th quarter. Focus Partners Wealth now owns 317,096 shares of the enterprise software provider's stock worth $54,368,000 after acquiring an additional 30,091 shares during the period. KKM Financial LLC boosted its position in Oracle by 4.7% during the 4th quarter. KKM Financial LLC now owns 24,000 shares of the enterprise software provider's stock worth $3,999,000 after acquiring an additional 1,076 shares during the period. Finally, Investor s Fiduciary Advisor Network LLC acquired a new stake in Oracle during the 4th quarter worth about $458,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $232.87 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The business's 50 day moving average is $239.38 and its two-hundred day moving average is $186.73. The company has a market cap of $654.10 billion, a P/E ratio of 53.66, a P/E/G ratio of 3.47 and a beta of 1.46. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. Oracle's payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. Mizuho lifted their price target on Oracle from $245.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. JMP Securities lifted their price target on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a report on Friday, July 18th. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 price objective (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $229.18.

Insiders Place Their Bets

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rona Alison Fairhead purchased 480 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director owned 22,110 shares in the company, valued at $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 444,183 shares of company stock worth $86,521,198 over the last quarter. Corporate insiders own 42.20% of the company's stock.

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.

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