Norinchukin Bank The Buys 10,864 Shares of Oracle Corporation $ORCL

Key Points

• Norinchukin Bank increased its stake in Oracle Corporation by 15.5%, purchasing an additional 10,864 shares, bringing its total holdings to valued at $11.3 million.
• Several institutional investors, including Vanguard Group and Polen Capital Management, also expanded their positions in Oracle, reflecting a growing institutional interest in the company.
• Oracle's stock recently received upgraded price targets from various analysts, with BMO Capital Markets and Guggenheim providing target prices of $245 and $250 respectively, indicating bullish sentiment on the stock's performance.

Norinchukin Bank The lifted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 15.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,020 shares of the enterprise software provider's stock after purchasing an additional 10,864 shares during the quarter. Norinchukin Bank The's holdings in Oracle were worth $11,327,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares during the last quarter. Northern Trust Corp boosted its stake in Oracle by 0.6% during the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock worth $2,760,048,000 after acquiring an additional 120,889 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after buying an additional 2,350,448 shares during the period. Polen Capital Management LLC grew its position in shares of Oracle by 17.6% in the 1st quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock valued at $1,762,878,000 after purchasing an additional 1,885,370 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Oracle by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock worth $1,534,624,000 after acquiring an additional 94,236 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ORCL shares. BMO Capital Markets increased their target price on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada lifted their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Westpark Capital boosted their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Guggenheim raised their price target on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Finally, Scotiabank started coverage on shares of Oracle in a research report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price objective on the stock. Three 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $227.04.

Insider Activity

In other Oracle news, 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 directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE:ORCL opened at $235.1560 on Thursday. The stock has a fifty day moving average price of $234.29 and a 200-day moving average price of $181.88. The company has a market cap of $660.51 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 3.50 and a beta of 1.43. 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 fifty-two week low of $118.86 and a fifty-two week high of $260.87.

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

Oracle Announces Dividend

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

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