Optimal Asset Management Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 28.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,484 shares of the enterprise software provider’s stock after acquiring an additional 7,235 shares during the period. Optimal Asset Management Inc.’s holdings in Oracle were worth $1,570,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. National Pension Service grew its holdings in shares of Oracle by 1.0% during the first quarter. National Pension Service now owns 2,835,232 shares of the enterprise software provider’s stock worth $137,027,000 after buying an additional 29,412 shares in the last quarter. Signature Wealth Management Group lifted its position in shares of Oracle by 16.4% during the first quarter. Signature Wealth Management Group now owns 15,092 shares of the enterprise software provider’s stock worth $729,000 after purchasing an additional 2,129 shares during the last quarter. 1832 Asset Management L.P. lifted its position in shares of Oracle by 0.7% during the first quarter. 1832 Asset Management L.P. now owns 6,061,285 shares of the enterprise software provider’s stock worth $306,361,000 after purchasing an additional 40,300 shares during the last quarter. Quantum Capital Management raised its stake in Oracle by 10,087.7% during the first quarter. Quantum Capital Management now owns 6,622 shares of the enterprise software provider’s stock worth $320,000 after acquiring an additional 6,557 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Oracle by 6.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 7,100,226 shares of the enterprise software provider’s stock worth $343,154,000 after acquiring an additional 435,999 shares during the period. 48.14% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $51.73, for a total transaction of $51,730,000.00. Following the sale, the chief executive officer now owns 2,368,592 shares in the company, valued at approximately $122,527,264.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,400,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $55.60, for a total value of $77,840,000.00. Following the transaction, the chairman now directly owns 1,140,132,353 shares in the company, valued at $63,391,358,826.80. The disclosure for this sale can be found here. Insiders own 36.60% of the company’s stock.

Several equities research analysts have recently commented on ORCL shares. Argus downgraded Oracle from a “buy” rating to a “hold” rating in a report on Friday, June 19th. Barclays reaffirmed a “neutral” rating and issued a $50.00 target price on shares of Oracle in a research report on Friday, March 13th. BNP Paribas lowered Oracle from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research report on Monday, June 1st. Goldman Sachs Group upped their price target on Oracle from $58.00 to $61.00 and gave the stock a “conviction-buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, BMO Capital Markets dropped their target price on shares of Oracle from $62.00 to $46.00 and set a “market perform” rating on the stock in a research report on Friday, March 13th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Oracle presently has a consensus rating of “Hold” and an average target price of $55.16.

Shares of NYSE:ORCL traded down $0.48 on Friday, reaching $54.05. 4,741,123 shares of the company’s stock were exchanged, compared to its average volume of 14,682,226. The company has a fifty day moving average of $53.24 and a 200-day moving average of $52.56. Oracle Co. has a twelve month low of $39.71 and a twelve month high of $60.50. The company has a market capitalization of $165.26 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.37 and a beta of 0.89. The company has a current ratio of 3.03, a quick ratio of 2.12 and a debt-to-equity ratio of 5.44.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 16th. The enterprise software provider reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.12. Oracle had a net margin of 25.94% and a return on equity of 72.76%. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.72 billion. During the same quarter in the prior year, the business posted $1.16 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 3.6 EPS for the current fiscal year.

Oracle announced that its Board of Directors has initiated a share buyback plan on Thursday, March 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to repurchase up to 9.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Wednesday, July 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.78%. Oracle’s dividend payout ratio is currently 27.75%.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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