Nomura Asset Management Co. Ltd. lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 708,873 shares of the enterprise software provider’s stock after selling 25,386 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Oracle were worth $40,384,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of ORCL. Renaissance Technologies LLC increased its holdings in shares of Oracle by 2,952.4% during the second quarter. Renaissance Technologies LLC now owns 2,970,032 shares of the enterprise software provider’s stock valued at $169,203,000 after acquiring an additional 2,872,732 shares in the last quarter. LSV Asset Management increased its holdings in Oracle by 37.8% in the 2nd quarter. LSV Asset Management now owns 8,335,383 shares of the enterprise software provider’s stock worth $474,866,000 after buying an additional 2,286,600 shares during the period. Assenagon Asset Management S.A. increased its holdings in Oracle by 1,540.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,380,038 shares of the enterprise software provider’s stock worth $127,832,000 after buying an additional 2,234,942 shares during the period. PGGM Investments increased its holdings in Oracle by 1,064.6% in the 2nd quarter. PGGM Investments now owns 2,258,315 shares of the enterprise software provider’s stock worth $128,656,000 after buying an additional 2,064,403 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Oracle by 132.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,507,235 shares of the enterprise software provider’s stock worth $199,811,000 after buying an additional 1,996,744 shares during the period. Hedge funds and other institutional investors own 53.05% of the company’s stock.
Shares of NYSE ORCL traded down $0.20 during midday trading on Friday, reaching $53.69. 680,285 shares of the stock were exchanged, compared to its average volume of 9,948,703. The firm has a market cap of $185.04 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.62 and a beta of 1.18. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The firm has a 50-day simple moving average of $54.15 and a two-hundred day simple moving average of $54.46. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. Oracle’s dividend payout ratio (DPR) is 30.38%.
Several brokerages recently weighed in on ORCL. Cowen began coverage on shares of Oracle in a report on Friday, August 16th. They issued a “buy” rating and a $65.00 price target on the stock. UBS Group set a $57.00 price target on shares of Oracle and gave the stock a “neutral” rating in a report on Thursday. Wedbush reiterated a “neutral” rating and issued a $55.00 price target on shares of Oracle in a report on Friday. Wells Fargo & Co increased their price target on shares of Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $60.00 price target (up previously from $59.00) on shares of Oracle in a report on Thursday. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have given a buy rating to the stock. Oracle currently has an average rating of “Hold” and an average target price of $55.88.
In other news, CEO Mark V. Hurd sold 787,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the transaction, the chief executive officer now owns 1,038,755 shares in the company, valued at approximately $53,807,509. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO W Corey West sold 50,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $56.25, for a total value of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now owns 85,348 shares in the company, valued at approximately $4,800,825. The disclosure for this sale can be found here. Insiders have sold a total of 2,140,000 shares of company stock worth $117,501,425 in the last quarter. Insiders own 32.00% of the company’s stock.
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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