Temasek Holdings Private Ltd Increases Stake in Oracle Co. (NYSE:ORCL)

Temasek Holdings Private Ltd increased its stake in Oracle Co. (NYSE:ORCL - Free Report) by 137.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 249,939 shares of the enterprise software provider's stock after acquiring an additional 144,789 shares during the period. Temasek Holdings Private Ltd's holdings in Oracle were worth $41,650,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its position in shares of Oracle by 25.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,311 shares of the enterprise software provider's stock worth $1,552,000 after buying an additional 1,884 shares during the period. Certified Advisory Corp increased its stake in Oracle by 1.8% during the fourth quarter. Certified Advisory Corp now owns 4,600 shares of the enterprise software provider's stock worth $767,000 after acquiring an additional 83 shares during the last quarter. Empirical Asset Management LLC raised its holdings in shares of Oracle by 32.3% in the 4th quarter. Empirical Asset Management LLC now owns 15,413 shares of the enterprise software provider's stock worth $2,568,000 after purchasing an additional 3,761 shares during the period. Capital & Planning LLC raised its holdings in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after purchasing an additional 81 shares during the period. Finally, Boston Common Asset Management LLC lifted its stake in shares of Oracle by 1.6% in the 4th quarter. Boston Common Asset Management LLC now owns 24,716 shares of the enterprise software provider's stock valued at $4,119,000 after purchasing an additional 386 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Stephens assumed coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective for the company. DA Davidson reduced their target price on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Finally, Piper Sandler reissued a "neutral" rating and issued a $130.00 price objective (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

Oracle Trading Up 0.6%

NYSE ORCL opened at $160.31 on Friday. The company has a market capitalization of $448.39 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31. The company's fifty day moving average price is $142.91 and its two-hundred day moving average price is $162.49.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 EPS. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a $0.50 dividend. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. Oracle's dividend payout ratio (DPR) is presently 46.95%.

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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