Swiss National Bank Has $782.69 Million Holdings in Oracle Co. (NYSE:ORCL)

Swiss National Bank decreased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,696,900 shares of the enterprise software provider's stock after selling 216,400 shares during the quarter. Oracle comprises about 0.5% of Swiss National Bank's investment portfolio, making the stock its 24th biggest position. Swiss National Bank owned about 0.17% of Oracle worth $782,691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its stake in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock worth $1,366,000 after purchasing an additional 883 shares in the last quarter. Impax Asset Management Group plc raised its holdings in shares of Oracle by 2.3% during the third quarter. Impax Asset Management Group plc now owns 2,325,268 shares of the enterprise software provider's stock valued at $395,295,000 after buying an additional 53,128 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. United Bank raised its position in shares of Oracle by 4.8% during the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider's stock worth $1,948,000 after buying an additional 519 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Oracle by 7.5% in the third quarter. Assetmark Inc. now owns 10,767 shares of the enterprise software provider's stock worth $1,835,000 after purchasing an additional 747 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

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Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE:ORCL traded down $3.48 during midday trading on Thursday, reaching $147.41. The stock had a trading volume of 14,178,507 shares, compared to its average volume of 12,293,896. The stock has a market capitalization of $412.30 billion, a P/E ratio of 36.04, a PEG ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The firm's fifty day simple moving average is $166.14 and its 200-day simple moving average is $169.34.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $14.40 billion. During the same quarter in the previous year, the firm posted $1.41 earnings per share. The company's revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is 39.12%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a report on Tuesday. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Mizuho boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, Citigroup decreased their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $176.85.

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.