APG Asset Management N.V. Raises Stake in Oracle Co. (NYSE:ORCL)

APG Asset Management N.V. increased its holdings in Oracle Co. (NYSE:ORCL) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,756,152 shares of the enterprise software provider’s stock after buying an additional 114,084 shares during the quarter. APG Asset Management N.V. owned about 0.06% of Oracle worth $231,368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Werlinich Asset Management LLC raised its holdings in shares of Oracle by 3.1% during the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after purchasing an additional 70 shares during the last quarter. RFP Financial Group LLC boosted its stake in shares of Oracle by 2.7% in the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after buying an additional 75 shares during the last quarter. ERn Financial LLC grew its holdings in Oracle by 0.6% during the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after acquiring an additional 80 shares during the period. Key Financial Inc raised its position in Oracle by 1.2% during the second quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock valued at $932,000 after acquiring an additional 80 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its holdings in Oracle by 18.0% in the first quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after acquiring an additional 81 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE:ORCL opened at $166.22 on Thursday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $173.99. The company has a fifty day simple moving average of $143.22 and a two-hundred day simple moving average of $132.84. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $460.59 billion, a price-to-earnings ratio of 44.80, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the business posted $0.95 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,573,181 shares of company stock worth $225,338,245. Corporate insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ORCL. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. KeyCorp increased their target price on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. UBS Group boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Stifel Nicolaus raised their price target on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, BMO Capital Markets lifted their price target on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.13.

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.