Oracle Co. (NYSE:ORCL) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

by · The Cerbat Gem

Tokio Marine Asset Management Co. Ltd. boosted its position in Oracle Co. (NYSE:ORCL – Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,886 shares of the enterprise software provider’s stock after buying an additional 2,240 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Oracle were worth $7,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Fairway Wealth LLC bought a new position in Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the second quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in Oracle during the first quarter valued at approximately $38,000. Finally, Quest Partners LLC acquired a new position in Oracle in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. KeyCorp boosted their target price on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. TD Cowen lifted their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Piper Sandler raised their target price on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Morgan Stanley boosted their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group raised their price target on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $168.52.

Get Our Latest Stock Analysis on ORCL

Insiders Place Their Bets

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

Oracle Stock Down 1.1 %

Shares of NYSE:ORCL traded down $2.05 during midday trading on Thursday, hitting $187.58. 364,115 shares of the company’s stock were exchanged, compared to its average volume of 8,219,148. The company has a market cap of $519.80 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77. The stock has a 50 day moving average price of $170.41 and a 200-day moving average price of $145.85. 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 (NYSE:ORCL – Get Free Report) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping 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 analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. Oracle’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. Oracle’s dividend payout ratio is presently 41.24%.

Oracle Company Profile

(Free Report)

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.

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