Tokio Marine Asset Management Co. Ltd. Buys 3,415 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Tokio Marine Asset Management Co. Ltd. has increased its stake in Oracle Corporation by 7.1%, acquiring an additional 3,415 shares, bringing its total holdings to 51,187 shares valued at approximately $7.16 million.
• Insider selling activity included Michael D. Sicilia selling 15,880 shares for over $4 million, representing a significant decrease in his ownership, while other insiders collectively sold 444,183 shares worth around $86.5 million in the last quarter.
• Oracle recently announced a quarterly dividend of $0.50 per share, with an annualized yield of 0.8%, in addition to reporting better-than-expected quarterly earnings with a revenue increase of 11.3% compared to the same quarter last year.

Tokio Marine Asset Management Co. Ltd. boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,187 shares of the enterprise software provider's stock after purchasing an additional 3,415 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Oracle were worth $7,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ORCL. Nuveen LLC bought a new stake in shares of Oracle during the 1st quarter valued at about $732,692,000. GAMMA Investing LLC boosted its position in shares of Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after acquiring an additional 4,723,631 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 valued at $2,303,858,000 after acquiring an additional 2,350,448 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its holdings in shares of Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after buying an additional 2,242,520 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ORCL shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Loop Capital set a $135.00 price target on Oracle in a research report on Tuesday, June 10th. BMO Capital Markets boosted 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. KeyCorp upped their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Finally, Guggenheim upped their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $222.75.

Oracle Trading Up 0.3%

Shares of ORCL stock traded up $0.71 on Thursday, reaching $244.89. 10,274,959 shares of the company's stock were exchanged, compared to its average volume of 10,188,398. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. 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 stock has a market capitalization of $687.86 billion, a PE ratio of 56.43, a P/E/G ratio of 3.64 and a beta of 1.43. The company's fifty day simple moving average is $227.58 and its 200 day simple moving average is $179.21.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle's dividend payout ratio is presently 46.08%.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 444,183 shares of company stock worth $86,521,198. 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.