International Assets Investment Management LLC Buys 673 Shares of Oracle Co. (NYSE:ORCL)

International Assets Investment Management LLC increased its stake in Oracle Co. (NYSE:ORCL) by 5.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,620 shares of the enterprise software provider’s stock after purchasing an additional 673 shares during the period. International Assets Investment Management LLC’s holdings in Oracle were worth $1,584,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of ORCL. Norges Bank acquired a new stake in Oracle in the fourth quarter valued at about $1,210,181,000. Wellington Management Group LLP boosted its stake in Oracle by 9,299.3% in the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after buying an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. boosted its stake in Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares in the last quarter. Boston Partners boosted its stake in Oracle by 382.4% in the fourth quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after buying an additional 3,617,413 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. Mizuho lifted their price target on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. DA Davidson reaffirmed a “neutral” rating and issued a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. KeyCorp lifted their target price on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Finally, Stifel Nicolaus lifted their target price on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $144.79.

Oracle Trading Down 1.0 %

NYSE:ORCL opened at $141.50 on Monday. The company has a market cap of $388.91 billion, a P/E ratio of 38.14, a P/E/G ratio of 2.59 and a beta of 1.01. The stock’s fifty day moving average price is $123.07 and its two-hundred day moving average price is $117.11. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $145.32. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. As a group, analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Oracle’s payout ratio is currently 43.13%.

Insider Transactions at Oracle

In other news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 880,000 shares of company stock valued at $110,488,150. 42.80% of the stock is currently owned by company insiders.

About Oracle

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.