Zurich Insurance Group Ltd FI Sells 127,853 Shares of Oracle Co. (NYSE:ORCL)

Zurich Insurance Group Ltd FI trimmed its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 10.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,124,269 shares of the enterprise software provider's stock after selling 127,853 shares during the quarter. Oracle comprises 1.6% of Zurich Insurance Group Ltd FI's portfolio, making the stock its 9th largest holding. Zurich Insurance Group Ltd FI's holdings in Oracle were worth $191,575,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock valued at $3,049,824,000 after purchasing an additional 310,709 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock valued at $2,489,345,000 after purchasing an additional 54,868 shares during the period. Legal & General Group Plc raised its stake in shares of Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider's stock worth $1,869,816,000 after buying an additional 296,866 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Oracle by 6.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,474,912 shares of the enterprise software provider's stock valued at $1,955,325,000 after buying an additional 691,193 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company's stock, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by insiders.

Oracle Stock Up 2.9 %

NYSE:ORCL traded up $5.45 during mid-day trading on Friday, reaching $191.69. The stock had a trading volume of 10,503,383 shares, compared to its average volume of 7,507,862. The stock has a market cap of $531.18 billion, a P/E ratio of 49.40, a PEG ratio of 3.43 and a beta of 1.03. The business's 50 day moving average is $178.90 and its 200 day moving average is $153.32. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $196.04.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 EPS. As a group, sell-side analysts predict that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. Oracle's dividend payout ratio (DPR) is presently 41.24%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research analyst reports. UBS Group reaffirmed a "market outperform" rating on shares of Oracle in a report on Friday, October 18th. Piper Sandler increased their target price on shares of Oracle from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Melius Research upgraded Oracle from a "hold" rating to a "buy" rating in a research report on Monday, September 16th. Finally, Guggenheim lifted their target price on Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $171.52.

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.