FUKOKU MUTUAL LIFE INSURANCE Co Purchases 1,000 Shares of Oracle Co. (NYSE:ORCL)

FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in Oracle Co. (NYSE:ORCL) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,546 shares of the enterprise software provider’s stock after buying an additional 1,000 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Oracle were worth $1,967,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. M&G Plc purchased a new stake in Oracle in the first quarter worth about $116,467,000. Mizuho Markets Americas LLC bought a new position in shares of Oracle in the 1st quarter worth about $147,286,000. Councilmark Asset Management LLC bought a new stake in Oracle during the first quarter worth about $3,590,000. Maso Capital Partners Ltd bought a new position in shares of Oracle during the first quarter valued at approximately $1,972,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in shares of Oracle by 4.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 10,330 shares of the enterprise software provider’s stock worth $1,298,000 after purchasing an additional 447 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ORCL shares. KeyCorp boosted their target price on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen lifted their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Morgan Stanley raised their target price on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Sanford C. Bernstein upped their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Price Performance

Shares of ORCL stock opened at $187.08 on Friday. Oracle Co. has a one year low of $99.26 and a one year high of $191.77. The company’s 50-day simple moving average is $170.41 and its two-hundred day simple moving average is $145.85. The company has a market capitalization of $518.41 billion, a P/E ratio of 48.22, a P/E/G ratio of 3.49 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s payout ratio is currently 41.24%.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 42.20% of the company’s stock.

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.