APG Asset Management US Inc. Purchases 13,732 Shares of Oracle Co. (NYSE:ORCL)

APG Asset Management US Inc. grew its stake in Oracle Co. (NYSE:ORCL) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 773,858 shares of the enterprise software provider’s stock after purchasing an additional 13,732 shares during the quarter. APG Asset Management US Inc.’s holdings in Oracle were worth $110,731,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ORCL. Brio Consultants LLC grew its holdings in shares of Oracle by 4.1% in the 4th quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock valued at $310,000 after acquiring an additional 117 shares in the last quarter. Precision Wealth Strategies LLC grew its holdings in shares of Oracle by 4.1% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock valued at $417,000 after acquiring an additional 155 shares in the last quarter. Gilbert & Cook Inc. acquired a new stake in Oracle in the 4th quarter valued at about $359,000. Aveo Capital Partners LLC acquired a new stake in Oracle in the 4th quarter valued at about $290,000. Finally, 9258 Wealth Management LLC lifted its stake in Oracle by 0.6% in the 4th quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock valued at $9,519,000 after purchasing an additional 560 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $166.22 on Thursday. The company’s 50 day simple moving average is $143.22 and its 200 day simple moving average is $132.84. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99.

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 analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. As a group, research analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. Oracle’s payout ratio is presently 43.13%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 $7,076,685. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 $7,076,685. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction 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 sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,573,181 shares of company stock valued at $225,338,245. 42.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORCL. Mizuho raised their target price on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Argus raised their target price on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Bank of America raised their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Morgan Stanley raised their target price on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

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.