Nissay Asset Management Corp Japan ADV Decreases Holdings in Oracle Corporation $ORCL

Key Points

• Nissay Asset Management Corp Japan ADV decreased its holdings in Oracle Corporation by 10.8% in the 1st quarter, ending with 458,937 shares valued at approximately $64.16 million.
• Analyst rating upgrades have occurred, with BMO Capital Markets raising the target price on Oracle from $235 to $245, while multiple firms have rated the stock as "buy" or "strong buy."
• Oracle recently declared a quarterly dividend of $0.50 per share, resulting in an annualized yield of 0.9% and demonstrating a dividend payout ratio of 46.08%.

Nissay Asset Management Corp Japan ADV lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 458,937 shares of the enterprise software provider's stock after selling 55,841 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Oracle were worth $64,164,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC lifted its position in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new stake in Oracle in the 4th quarter worth approximately $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle in the 4th quarter worth approximately $36,000. Institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. BMO Capital Markets boosted their target price on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Westpark Capital lifted their price target on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $227.04.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company'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 directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rona Alison Fairhead purchased 480 shares of Oracle stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares of the company's stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 444,183 shares of company stock valued at $86,521,198 over the last 90 days. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

ORCL opened at $222.89 on Friday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The stock has a market capitalization of $626.06 billion, a PE ratio of 51.36, a price-to-earnings-growth ratio of 3.34 and a beta of 1.46. The stock's 50 day moving average price is $238.93 and its 200-day moving average price is $186.25.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $1.63 earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Oracle Company 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.

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