Ilmarinen Mutual Pension Insurance Co Has $44.34 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Ilmarinen Mutual Pension Insurance Co raised its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,087 shares of the enterprise software provider's stock after buying an additional 75,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Oracle were worth $44,341,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Howard Capital Management Group LLC increased its position in shares of Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock valued at $1,366,000 after purchasing an additional 883 shares during the period. Principal Financial Group Inc. grew its stake in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after purchasing an additional 121,874 shares during the period. United Bank grew its position in Oracle by 4.8% in the third quarter. United Bank now owns 11,430 shares of the enterprise software provider's stock valued at $1,948,000 after acquiring an additional 519 shares during the period. Morse Asset Management Inc bought a new position in shares of Oracle during the third quarter valued at $2,590,000. Finally, Quarry LP boosted its stake in shares of Oracle by 2,273.8% in the 3rd quarter. Quarry LP now owns 1,899 shares of the enterprise software provider's stock valued at $324,000 after purchasing an additional 1,819 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

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Insider Activity at Oracle

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,448,328 shares of company stock valued at $453,791,001 over the last quarter. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

Oracle stock traded down $2.84 during midday trading on Tuesday, hitting $124.32. The company's stock had a trading volume of 10,080,918 shares, compared to its average volume of 9,156,055. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $347.73 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 3.46 and a beta of 1.22. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The company has a 50-day moving average price of $159.43 and a two-hundred day moving average price of $169.09.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, April 10th. Oracle's dividend payout ratio is 46.95%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. KeyCorp restated an "overweight" rating and set a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Westpark Capital initiated coverage on Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 target price for the company. Finally, Bank of America decreased their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.65.

About Oracle

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.