FUKOKU MUTUAL LIFE INSURANCE Co Trims Stock Position in Oracle Co. (NYSE:ORCL)

FUKOKU MUTUAL LIFE INSURANCE Co reduced its position in Oracle Co. (NYSE:ORCL) by 46.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,240 shares of the enterprise software provider’s stock after selling 5,306 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Oracle were worth $1,040,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Wealth Group Ltd. purchased a new position in Oracle in the 3rd quarter valued at about $222,000. Howard Capital Management Group LLC lifted its stake in Oracle by 12.4% during 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 during the last quarter. Valmark Advisers Inc. lifted its stake in Oracle by 3.5% in the third quarter. Valmark Advisers Inc. now owns 5,241 shares of the enterprise software provider’s stock valued at $893,000 after buying an additional 176 shares during the last quarter. Fidelis Capital Partners LLC lifted its stake in Oracle by 4.7% in the third quarter. Fidelis Capital Partners LLC now owns 12,728 shares of the enterprise software provider’s stock valued at $2,203,000 after buying an additional 566 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its holdings in shares of Oracle by 27.5% during the third quarter. Nicholas Hoffman & Company LLC. now owns 9,923 shares of the enterprise software provider’s stock valued at $1,691,000 after purchasing an additional 2,140 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on ORCL shares. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. DA Davidson increased their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald downgraded Oracle to an “overweight” rating in a report on Monday, February 10th. Finally, UBS Group raised their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Performance

ORCL opened at $172.37 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $482.11 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 3.46 and a beta of 1.05. Oracle Co. has a 52-week low of $109.79 and a 52-week high of $198.31. The firm’s fifty day simple moving average is $169.08 and its two-hundred day simple moving average is $168.15.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 earnings per share. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle 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.