Global X Japan Co. Ltd. Increases Stock Position in Oracle Co. (NYSE:ORCL)

Global X Japan Co. Ltd. raised its stake in shares of Oracle Co. (NYSE:ORCL) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,223 shares of the enterprise software provider’s stock after purchasing an additional 1,558 shares during the period. Global X Japan Co. Ltd.’s holdings in Oracle were worth $2,764,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Affinity Capital Advisors LLC purchased a new position in Oracle during the 1st quarter valued at approximately $204,000. Atlas Capital Advisors LLC increased its position in Oracle by 3.9% in the first quarter. Atlas Capital Advisors LLC now owns 8,326 shares of the enterprise software provider’s stock worth $1,046,000 after purchasing an additional 310 shares during the last quarter. Sunbelt Securities Inc. raised its stake in Oracle by 4.8% during the first quarter. Sunbelt Securities Inc. now owns 7,758 shares of the enterprise software provider’s stock valued at $974,000 after purchasing an additional 357 shares in the last quarter. RMR Wealth Builders bought a new position in Oracle during the first quarter valued at $349,000. Finally, Brookstone Capital Management grew its stake in shares of Oracle by 13.1% in the 1st quarter. Brookstone Capital Management now owns 20,635 shares of the enterprise software provider’s stock worth $2,592,000 after buying an additional 2,383 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of ORCL opened at $175.33 on Wednesday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50 day moving average price of $157.93 and a 200-day moving average price of $139.38. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The stock has a market capitalization of $485.85 billion, a PE ratio of 45.19, a PEG ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. Oracle’s revenue was up 6.9% on a year-over-year basis. Equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.91%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JMP Securities increased their price target on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. Sanford C. Bernstein boosted their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Evercore ISI increased their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, KeyCorp lifted their price objective on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle 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.