Ilmarinen Mutual Pension Insurance Co Increases Holdings in Oracle Corporation $ORCL

Key Points

• Ilmarinen Mutual Pension Insurance Co has increased its stake in Oracle Corporation by 13.2%, acquiring an additional 35,000 shares during the first quarter, bringing its total holdings to 301,087 shares valued at approximately $42 million.
• Oracle's latest quarterly earnings report highlighted a 11.3% year-over-year revenue growth, with an EPS of $1.70 that surpassed analysts' expectations by $0.06.
• Recently, Oracle declared a quarterly dividend of $0.50 per share, marking an annualized yield of 0.8%, with the dividend payout ratio currently at 46.08%.

Ilmarinen Mutual Pension Insurance Co raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 13.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 301,087 shares of the enterprise software provider's stock after buying an additional 35,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Oracle were worth $42,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC lifted its position in shares of Oracle by 1.1% during the 1st quarter. Clarkston Capital Partners LLC now owns 6,290 shares of the enterprise software provider's stock valued at $879,000 after acquiring an additional 68 shares during the period. Tacita Capital Inc lifted its position in shares of Oracle by 6.0% during the 1st quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider's stock valued at $174,000 after acquiring an additional 70 shares during the period. Flynn Zito Capital Management LLC lifted its position in shares of Oracle by 1.7% during the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after acquiring an additional 71 shares during the period. Tiller Private Wealth Inc. lifted its position in shares of Oracle by 4.6% during the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after acquiring an additional 71 shares during the period. Finally, Cadence Bank raised its holdings in shares of Oracle by 1.0% during the 1st quarter. Cadence Bank now owns 7,440 shares of the enterprise software provider's stock worth $1,040,000 after buying an additional 71 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 5.1%

NYSE:ORCL traded down $15.79 on Friday, hitting $292.07. The stock had a trading volume of 51,618,969 shares, compared to its average volume of 13,335,661. The business's fifty day moving average is $243.59 and its 200 day moving average is $189.52. The company has a market cap of $820.37 billion, a PE ratio of 67.61, a P/E/G ratio of 4.91 and a beta of 1.46. The company has a quick ratio of 0.75, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) 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 analyst estimates of $15.58 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share. On average, equities research analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares of the company's stock, valued at $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,183 shares of company stock valued at $10,353,198. 42.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ORCL. JMP Securities boosted their price target on Oracle from $315.00 to $342.00 and gave the stock a "market outperform" rating in a report on Wednesday. Evercore ISI upped their target price on Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday. Melius Research upped their target price on Oracle from $270.00 to $370.00 and gave the stock a "buy" rating in a report on Wednesday. UBS Group set a $300.00 target price on Oracle in a report on Wednesday. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus target price of $296.84.

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.