ICICI Prudential Asset Management Co Ltd Acquires 18,700 Shares of Oracle Co. (NYSE:ORCL)

ICICI Prudential Asset Management Co Ltd boosted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 32.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,891 shares of the enterprise software provider's stock after purchasing an additional 18,700 shares during the period. Oracle comprises approximately 1.4% of ICICI Prudential Asset Management Co Ltd's investment portfolio, making the stock its 13th biggest position. ICICI Prudential Asset Management Co Ltd's holdings in Oracle were worth $12,932,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ORCL. Janus Henderson Group PLC grew its holdings in Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. PineStone Asset Management Inc. grew its stake in Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider's stock worth $552,262,000 after purchasing an additional 2,219,450 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Oracle by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider's stock worth $532,920,000 after purchasing an additional 2,093,893 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after buying an additional 2,052,275 shares during the period. Finally, Altshuler Shaham Ltd boosted its holdings in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock worth $219,224,000 after buying an additional 1,526,500 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Oracle stock traded up $0.04 during trading on Wednesday, hitting $189.62. The stock had a trading volume of 5,692,996 shares, compared to its average volume of 8,254,838. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock's 50 day moving average is $169.43 and its two-hundred day moving average is $145.54. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $191.77. The stock has a market cap of $525.45 billion, a price-to-earnings ratio of 48.96, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. As a group, analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed 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 0.84%. Oracle's dividend payout ratio is 41.24%.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ORCL shares. Sanford C. Bernstein boosted their target price on shares of Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Royal Bank of Canada assumed coverage on shares of Oracle in a research report on Wednesday, October 23rd. They set a "sector perform" rating and a $165.00 price objective on the stock. Stifel Nicolaus upped their price target on Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. Mizuho raised their price objective on Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Finally, Barclays upped their target price on Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average 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.