Oracle Corporation (NYSE:ORCL) Position Raised by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Oracle Corporation by 8.7%, holding 531,126 shares valued at $74.34 million as of the latest SEC filing.
• Oracle's latest quarterly earnings exceeded expectations, reporting earnings per share of $1.70 and revenue of $15.90 billion, reflecting an 11.3% year-over-year revenue growth.
• Insider trading activity included significant share sales by two executives, with total insider sales of 444,183 shares worth approximately $86.5 million over the last quarter.

Resona Asset Management Co. Ltd. grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 531,126 shares of the enterprise software provider's stock after acquiring an additional 42,709 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Oracle were worth $74,341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $30,000. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC increased its position in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

Oracle stock traded up $0.86 during mid-day trading on Tuesday, reaching $253.54. The company's stock had a trading volume of 9,996,446 shares, compared to its average volume of 10,145,522. The firm has a market cap of $712.15 billion, a price-to-earnings ratio of 58.42, a PEG ratio of 3.77 and a beta of 1.43. The business has a 50 day moving average price of $226.06 and a 200-day moving average price of $178.76. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a twelve month low of $118.86 and a twelve 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 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during 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 firm's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 earnings per share. Sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Bank of America increased their target price on shares of Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Loop Capital set a $135.00 target price on shares of Oracle in a research report on Tuesday, June 10th. Finally, Mizuho dropped their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $222.75.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 over the last quarter. Insiders own 42.20% of the company's stock.

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.