MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 57,265 Shares of Oracle Co. (NYSE:ORCL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 694,907 shares of the enterprise software provider's stock after buying an additional 57,265 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Oracle were worth $115,802,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after buying an additional 2,296,069 shares during the period. FMR LLC lifted its stake in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after purchasing an additional 156,269 shares during the period. Geode Capital Management LLC lifted its stake in Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after purchasing an additional 619,619 shares during the period. Franklin Resources Inc. lifted its stake in Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after purchasing an additional 1,722,037 shares during the period. Finally, Northern Trust Corp lifted its stake in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares during the period. Institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group restated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Morgan Stanley dropped their price objective on shares of Oracle from $170.00 to $160.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Mizuho dropped their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus dropped their price objective on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Finally, Evercore ISI dropped their price objective on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Fourteen 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 in the last ninety days. Insiders own 42.20% of the company's stock.

Oracle Trading Down 0.1%

ORCL opened at $150.18 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31. The firm's fifty day simple moving average is $142.12 and its 200 day simple moving average is $162.87. The stock has a market capitalization of $420.05 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a $0.50 dividend. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, April 10th. Oracle's payout ratio is presently 46.95%.

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.

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