Oracle Corporation $ORCL Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co increased its position in shares of Oracle Corporation (NYSE:ORCL) by 13.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,087 shares of the enterprise software provider’s stock after purchasing an additional 35,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Oracle were worth $42,095,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ORCL. SageView Advisory Group LLC raised its position in Oracle by 4.0% in the first quarter. SageView Advisory Group LLC now owns 15,283 shares of the enterprise software provider’s stock worth $2,137,000 after acquiring an additional 585 shares in the last quarter. Advisory Alpha LLC lifted its stake in Oracle by 12.4% during the first quarter. Advisory Alpha LLC now owns 3,601 shares of the enterprise software provider’s stock valued at $503,000 after purchasing an additional 396 shares during the last quarter. Alaethes Wealth LLC boosted its holdings in Oracle by 1.5% during the first quarter. Alaethes Wealth LLC now owns 16,130 shares of the enterprise software provider’s stock worth $2,255,000 after buying an additional 231 shares in the last quarter. SCS Capital Management LLC acquired a new position in Oracle in the first quarter worth approximately $4,753,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Oracle by 0.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock worth $1,941,195,000 after acquiring an additional 59,164 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares of the company’s stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL opened at $241.67 on Wednesday. The company has a market capitalization of $678.81 billion, a PE ratio of 55.68, a price-to-earnings-growth ratio of 3.56 and a beta of 1.46. The company’s fifty day moving average price is $240.23 and its 200 day moving average price is $187.60. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 earnings per share. As a group, analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORCL. KeyCorp increased their price target on Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, June 12th. DA Davidson raised their target price on shares of Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. UBS Group lifted their target price on shares of Oracle from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada increased their price target on shares of Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.61.

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.