Mizuho Securities USA LLC Purchases 48,680 Shares of Oracle Co. (NYSE:ORCL)

Mizuho Securities USA LLC raised its stake in Oracle Co. (NYSE:ORCL - Free Report) by 47.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,328 shares of the enterprise software provider's stock after buying an additional 48,680 shares during the quarter. Oracle comprises about 0.5% of Mizuho Securities USA LLC's portfolio, making the stock its 29th biggest holding. Mizuho Securities USA LLC's holdings in Oracle were worth $25,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Second Line Capital LLC increased its position in shares of Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after acquiring an additional 58 shares in the last quarter. Cadence Bank boosted its position in Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock worth $1,296,000 after purchasing an additional 59 shares during the period. Requisite Capital Management LLC increased its holdings in Oracle by 2.8% in the 4th 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 in the last quarter. Cookson Peirce & Co. Inc. raised its position in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the period. Finally, McLean Asset Management Corp lifted its stake in shares of 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 purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

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Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on ORCL. Morgan Stanley decreased their price target on Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the company a "sector perform" rating in a research report on Tuesday, March 11th. Cantor Fitzgerald dropped their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. KeyCorp reissued an "overweight" rating and issued a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $179.20.

Oracle Stock Down 0.8 %

ORCL stock traded down $1.28 during midday trading on Tuesday, reaching $153.59. The company had a trading volume of 8,514,230 shares, compared to its average volume of 8,509,694. 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 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 of $164.89 and a two-hundred day moving average of $170.36. The company has a market capitalization of $429.58 billion, a P/E ratio of 37.55, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during 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 for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. On average, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is presently 46.95%.

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.