Sumitomo Mitsui Trust Holdings Inc. Acquires 9,787 Shares of Oracle Co. (NYSE:ORCL)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,934,131 shares of the enterprise software provider’s stock after buying an additional 9,787 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Oracle were worth $494,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Oracle by 39.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,991 shares of the enterprise software provider’s stock valued at $846,000 after purchasing an additional 2,276 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Oracle by 1.9% in the third quarter. Advisors Asset Management Inc. now owns 48,633 shares of the enterprise software provider’s stock valued at $5,151,000 after buying an additional 921 shares during the period. Alps Advisors Inc. increased its position in shares of Oracle by 107.9% during the third quarter. Alps Advisors Inc. now owns 96,562 shares of the enterprise software provider’s stock worth $10,228,000 after acquiring an additional 50,121 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Oracle by 2.1% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,565,216 shares of the enterprise software provider’s stock worth $165,788,000 after acquiring an additional 32,000 shares during the period. Finally, Elevatus Welath Management lifted its position in Oracle by 10.2% in the 3rd quarter. Elevatus Welath Management now owns 4,906 shares of the enterprise software provider’s stock valued at $520,000 after acquiring an additional 453 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

ORCL stock traded up $0.69 during trading hours on Wednesday, hitting $143.97. 788,443 shares of the stock were exchanged, compared to its average volume of 8,619,862. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $145.32. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a market capitalization of $396.76 billion, a P/E ratio of 38.62, a P/E/G ratio of 2.56 and a beta of 1.02. The company has a 50-day simple moving average of $125.81 and a two-hundred day simple moving average of $118.49.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 earnings per share. On average, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Buying and Selling at Oracle

In related news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Oracle news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the sale, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock valued at $53,002,729 in the last three months. Corporate insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup dropped their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. KeyCorp boosted their target price on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Piper Sandler boosted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Finally, Sanford C. Bernstein raised their target price on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

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.