Oracle Co. (NYSE:ORCL) Shares Sold by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. decreased its position in Oracle Co. (NYSE:ORCL) by 61.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 260 shares of the enterprise software provider’s stock after selling 410 shares during the period. Mizuho Securities Co. Ltd.’s holdings in Oracle were worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. ICICI Prudential Asset Management Co Ltd raised its holdings in shares of Oracle by 32.7% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 75,891 shares of the enterprise software provider’s stock valued at $12,932,000 after purchasing an additional 18,700 shares in the last quarter. Kovack Advisors Inc. increased its holdings in shares of Oracle by 19.1% during the 3rd quarter. Kovack Advisors Inc. now owns 11,940 shares of the enterprise software provider’s stock worth $2,035,000 after purchasing an additional 1,919 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after acquiring an additional 126,985 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Oracle by 4.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 62,522 shares of the enterprise software provider’s stock valued at $10,654,000 after acquiring an additional 2,509 shares in the last quarter. Finally, OLD Second National Bank of Aurora boosted its position in shares of Oracle by 8.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 5,666 shares of the enterprise software provider’s stock valued at $965,000 after acquiring an additional 421 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of research reports. KeyCorp upped their target price on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen upped their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein upped their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Evercore ISI raised their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Royal Bank of Canada began coverage on shares of Oracle in a research report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL traded up $0.78 on Wednesday, reaching $190.36. The company had a trading volume of 1,362,186 shares, compared to its average volume of 8,235,156. The company has a market cap of $527.50 billion, a price-to-earnings ratio of 48.96, a P/E/G ratio of 3.49 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.50. The business has a 50 day simple moving average of $169.43 and a 200 day simple moving average of $145.54. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s 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, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

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.