Oracle Co. (NYSE:ORCL) Shares Bought by AIA Group Ltd

AIA Group Ltd lifted its position in Oracle Co. (NYSE:ORCL) by 121.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,156 shares of the enterprise software provider’s stock after purchasing an additional 12,709 shares during the quarter. AIA Group Ltd’s holdings in Oracle were worth $3,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Second Line Capital LLC lifted its holdings in Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after acquiring an additional 58 shares during the period. Requisite Capital Management LLC lifted its stake in shares of Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after purchasing an additional 60 shares during the period. Cookson Peirce & Co. Inc. boosted its holdings in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after buying an additional 60 shares in the last quarter. McLean Asset Management Corp grew its position in Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after buying an additional 61 shares during the period. Finally, Warther Private Wealth LLC lifted its position in shares of Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after acquiring an additional 63 shares during the period. 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. Barclays lowered their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. BMO Capital Markets decreased their price objective on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 11th. KeyCorp restated an “overweight” rating and set a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. DA Davidson reiterated a “neutral” rating and issued a $150.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Finally, BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $179.20.

Oracle Stock Down 3.5 %

Shares of NYSE ORCL opened at $140.75 on Monday. The stock has a fifty day moving average price of $163.94 and a 200 day moving average price of $170.31. The company has a market cap of $393.67 billion, a P/E ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.41 earnings per share. Research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s dividend payout ratio is 46.95%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

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.