Oracle Co. (ORCL) Position Raised by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its position in Oracle Co. (NYSE:ORCL) by 2.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 175,399 shares of the enterprise software provider’s stock after purchasing an additional 4,660 shares during the period. Oracle comprises 0.7% of Meiji Yasuda Asset Management Co Ltd.’s holdings, making the stock its 26th largest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in Oracle were worth $9,044,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in shares of Oracle by 17.1% during the 2nd quarter. Acadian Asset Management LLC now owns 57,907 shares of the enterprise software provider’s stock valued at $2,551,000 after buying an additional 8,453 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Oracle by 6,303.9% during the 2nd quarter. Alps Advisors Inc. now owns 731,200 shares of the enterprise software provider’s stock valued at $34,571,000 after buying an additional 719,782 shares in the last quarter. American Assets Investment Management LLC lifted its position in shares of Oracle by 4.3% during the 2nd quarter. American Assets Investment Management LLC now owns 72,600 shares of the enterprise software provider’s stock valued at $3,183,000 after buying an additional 3,000 shares in the last quarter. BP PLC lifted its position in shares of Oracle by 7.8% during the 2nd quarter. BP PLC now owns 359,000 shares of the enterprise software provider’s stock valued at $15,818,000 after buying an additional 26,000 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. lifted its position in shares of Oracle by 1.2% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 3,853,776 shares of the enterprise software provider’s stock valued at $129,181,000 after buying an additional 45,254 shares in the last quarter. Institutional investors and hedge funds own 50.95% of the company’s stock.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $49.42, for a total value of $185,325.00. Following the completion of the sale, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,382,227.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 131,696 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the sale, the executive vice president now directly owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The disclosure for this sale can be found here. Insiders sold a total of 142,946 shares of company stock valued at $7,257,365 over the last ninety days. Corporate insiders own 32.00% of the company’s stock.

ORCL has been the topic of a number of recent analyst reports. Barclays increased their target price on Oracle from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, September 7th. Nomura set a $58.00 target price on Oracle and gave the company a “buy” rating in a research report on Tuesday, September 18th. Bank of America increased their target price on Oracle from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, September 18th. Rosenblatt Securities reiterated a “hold” rating and set a $51.00 target price on shares of Oracle in a research report on Tuesday, October 30th. Finally, Wells Fargo & Co decreased their target price on Oracle from $62.50 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have given a buy rating to the company. Oracle currently has a consensus rating of “Hold” and a consensus target price of $53.71.

Shares of ORCL stock opened at $48.76 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43. The firm has a market capitalization of $201.85 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.64 and a beta of 1.12. Oracle Co. has a fifty-two week low of $42.57 and a fifty-two week high of $53.48.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Sell-side analysts expect that Oracle Co. will post 3.06 EPS for the current year.

Oracle announced that its Board of Directors has initiated a share repurchase program on Monday, September 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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