Oracle Co. (NYSE:ORCL) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Oracle Co. (NYSE:ORCL) by 9.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,589,264 shares of the enterprise software provider’s stock after acquiring an additional 227,212 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Oracle were worth $430,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Oracle during the fourth quarter valued at about $25,000. Winch Advisory Services LLC raised its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the 4th quarter worth approximately $34,000. TFC Financial Management Inc. boosted its holdings in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 4.0 %

Oracle stock opened at $147.71 on Thursday. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. 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 stock has a market cap of $413.15 billion, a P/E ratio of 36.12, a P/E/G ratio of 3.46 and a beta of 1.07. The company’s fifty day simple moving average is $164.62 and its 200-day simple moving average is $170.28.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter last year, the firm earned $1.41 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research reports. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lowered their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, Bank of America cut their target price on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.20.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

About Oracle

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.