Oracle Co. (NYSE:ORCL) Shares Purchased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 44.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 514,778 shares of the enterprise software provider's stock after acquiring an additional 159,019 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Oracle were worth $86,977,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Nearwater Capital Markets Ltd purchased a new stake in shares of Oracle during the 4th quarter worth $13,331,000. NorthRock Partners LLC boosted its position in shares of Oracle by 172.0% during the 4th quarter. NorthRock Partners LLC now owns 31,497 shares of the enterprise software provider's stock worth $5,249,000 after acquiring an additional 19,918 shares in the last quarter. Northeast Financial Consultants Inc boosted its position in shares of Oracle by 9.6% during the 4th quarter. Northeast Financial Consultants Inc now owns 5,355 shares of the enterprise software provider's stock worth $892,000 after acquiring an additional 467 shares in the last quarter. Northwest Quadrant Wealth Management LLC boosted its position in shares of Oracle by 10.6% during the 4th quarter. Northwest Quadrant Wealth Management LLC now owns 1,867 shares of the enterprise software provider's stock worth $311,000 after acquiring an additional 179 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Oracle in the fourth quarter valued at approximately $3,454,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Up 3.2%

Oracle stock opened at $162.29 on Wednesday. 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 1-year low of $114.55 and a 1-year high of $198.31. The company has a market cap of $453.92 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The stock's 50 day moving average price is $142.26 and its 200 day moving average price is $162.76.

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

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. Oracle's dividend payout ratio (DPR) is 46.95%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORCL. Stephens began coverage on shares of Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Cantor Fitzgerald reduced their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Bank of America reduced their target price on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, DA Davidson decreased their price objective on Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $174.42.

Insider Buying and Selling at Oracle

In related 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 value of $648,850.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,366 shares of company stock valued at $4,015,723. Corporate insiders own 42.20% of the company's stock.

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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