Oracle Co. (NYSE:ORCL) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. lowered its holdings in Oracle Co. (NYSE:ORCL) by 12.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,810 shares of the enterprise software provider’s stock after selling 820 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Oracle were worth $820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new stake in shares of Oracle during the 2nd quarter worth $27,000. Westend Capital Management LLC purchased a new stake in Oracle during the 1st quarter worth about $25,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle in the 2nd quarter valued at about $35,000. Finally, Tidemark LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORCL. JPMorgan Chase & Co. upped their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Guggenheim lifted their price target on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a research note on Tuesday, September 10th. TD Cowen lifted their target price on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Stifel Nicolaus increased their price objective on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.88.

Oracle Price Performance

ORCL stock opened at $167.96 on Friday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50 day moving average price is $142.30 and its 200 day moving average price is $131.81. The firm has a market cap of $465.41 billion, a P/E ratio of 45.27, a PEG ratio of 3.21 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the firm earned $0.95 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s payout ratio is currently 43.13%.

Insider Buying and Selling at Oracle

In other news, insider Edward Screven sold 37,221 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the sale, the insider now owns 2,626,764 shares in the company, valued at $368,246,045.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Edward Screven sold 37,221 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total value of $5,218,011.99. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. In the last three months, insiders sold 1,610,402 shares of company stock worth $230,556,257. Insiders own 42.80% 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.