IFM Investors Pty Ltd Buys 5,896 Shares of Oracle Co. (NYSE:ORCL)
IFM Investors Pty Ltd raised its stake in shares of Oracle Co. (NYSE:ORCL) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 172,460 shares of the enterprise software provider’s stock after purchasing an additional 5,896 shares during the period. IFM Investors Pty Ltd’s holdings in Oracle were worth $10,296,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Oracle by 9.1% during the 2nd quarter. Vanguard Group Inc. now owns 189,431,168 shares of the enterprise software provider’s stock worth $10,469,860,000 after acquiring an additional 15,843,802 shares during the period. Nordea Investment Management AB grew its holdings in Oracle by 109.0% during the 2nd quarter. Nordea Investment Management AB now owns 29,962,944 shares of the enterprise software provider’s stock worth $1,650,358,000 after acquiring an additional 15,627,102 shares during the period. DNB Asset Management AS grew its holdings in Oracle by 49.1% during the 3rd quarter. DNB Asset Management AS now owns 7,508,528 shares of the enterprise software provider’s stock worth $448,259,000 after acquiring an additional 2,473,703 shares during the period. Point72 Asset Management L.P. acquired a new stake in Oracle during the 2nd quarter worth about $128,125,000. Finally, LSV Asset Management grew its holdings in Oracle by 17.2% during the 2nd quarter. LSV Asset Management now owns 11,498,824 shares of the enterprise software provider’s stock worth $635,539,000 after acquiring an additional 1,687,199 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.
Shares of Oracle stock traded down $0.23 during mid-day trading on Friday, hitting $60.29. 6,070,963 shares of the stock were exchanged, compared to its average volume of 13,511,885. Oracle Co. has a 12 month low of $39.71 and a 12 month high of $62.60. The company has a 50-day simple moving average of $58.95 and a 200 day simple moving average of $55.19. The company has a debt-to-equity ratio of 6.68, a quick ratio of 3.03 and a current ratio of 2.66. The company has a market capitalization of $181.53 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.44 and a beta of 0.83.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $0.96 annualized dividend and a dividend yield of 1.59%. Oracle’s dividend payout ratio is currently 27.75%.
ORCL has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their price target on Oracle from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Friday, September 11th. Royal Bank of Canada upgraded Oracle from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $60.00 to $68.00 in a research note on Monday, September 21st. Societe Generale raised their target price on Oracle from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, September 11th. ValuEngine upgraded Oracle from a “sell” rating to a “hold” rating in a research note on Wednesday, June 24th. Finally, Credit Suisse Group raised their target price on Oracle from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, September 11th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Oracle has an average rating of “Hold” and a consensus price target of $60.25.
In related news, CAO W Corey West sold 5,359 shares of Oracle stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $61.20, for a total value of $327,970.80. Following the sale, the chief accounting officer now owns 115,006 shares of the company’s stock, valued at approximately $7,038,367.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dorian Daley sold 112,500 shares of Oracle stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $60.95, for a total transaction of $6,856,875.00. Following the completion of the sale, the executive vice president now directly owns 112,500 shares in the company, valued at approximately $6,856,875. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,673 shares of company stock worth $7,906,167. Insiders own 36.60% of the company’s stock.
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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