Oracle Corporation (NYSE:ORCL) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 279,227 shares of the enterprise software provider's stock after buying an additional 13,971 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Oracle were worth $39,039,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ORCL. Inlight Wealth Management LLC acquired a new position in Oracle in the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $30,000. Hurley Capital LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 0.2%

ORCL stock traded up $0.49 during trading on Tuesday, reaching $219.12. The stock had a trading volume of 16,696,813 shares, compared to its average volume of 10,001,534. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a fifty day moving average price of $170.34 and a 200 day moving average price of $162.47. The company has a market capitalization of $615.47 billion, a P/E ratio of 50.49, a PEG ratio of 3.15 and a beta of 1.32. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $228.22.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 87.34% and a net margin of 21.68%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 earnings per share. On average, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock worth $83,395,223 in the last ninety days. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Piper Sandler reiterated a "neutral" rating and issued a $130.00 price target on shares of Oracle in a report on Wednesday, June 11th. JPMorgan Chase & Co. upped their target price on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Bank of America increased their target price on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Royal Bank Of Canada lifted their price target on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average target price of $200.26.

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.