Mitsubishi UFJ Asset Management Co. Ltd. Buys 227,212 Shares of Oracle Co. (NYSE:ORCL)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,589,264 shares of the enterprise software provider's stock after purchasing an additional 227,212 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Oracle worth $430,646,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ORCL. Raymond James Financial Inc. acquired a new stake in shares of Oracle during the fourth quarter worth $930,095,000. Vanguard Group Inc. raised its stake in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. Polen Capital Management LLC lifted its holdings in shares of Oracle by 22.3% in the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider's stock valued at $1,787,003,000 after purchasing an additional 1,955,764 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the period. Finally, State Street Corp grew its holdings in shares of Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

Several equities research analysts have commented on the company. BMO Capital Markets cut their target price on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 11th. Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Barclays decreased their target price on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. JMP Securities reissued a "market outperform" rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. Finally, Cantor Fitzgerald lowered 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. Thirteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $179.20.

Oracle Stock Performance

ORCL stock traded down $5.03 during trading hours on Friday, hitting $140.75. 13,138,087 shares of the stock were exchanged, compared to its average volume of 8,963,386. The company has a 50-day simple moving average of $163.94 and a two-hundred day simple moving average of $170.22. The firm has a market capitalization of $393.67 billion, a P/E ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. 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 (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the firm earned $1.41 EPS. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.42%. Oracle's payout ratio is currently 46.95%.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.20% of the company's stock.

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.