Natixis reduced its position in Oracle Corporation (NYSE:ORCL – Free Report) by 16.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,961 shares of the enterprise software provider’s stock after selling 33,260 shares during the quarter. Natixis’ holdings in Oracle were worth $37,814,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Oracle by 2.1% in the second quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock valued at $35,916,290,000 after acquiring an additional 3,353,461 shares during the period. Northern Trust Corp boosted its holdings in Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock valued at $2,760,048,000 after purchasing an additional 120,889 shares in the last quarter. Norges Bank acquired a new stake in Oracle during the second quarter valued at approximately $4,275,378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Oracle by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock valued at $1,941,195,000 after purchasing an additional 59,164 shares during the period. Finally, Amundi raised its holdings in shares of Oracle by 3.3% in the 1st quarter. Amundi now owns 12,736,855 shares of the enterprise software provider’s stock worth $1,749,280,000 after buying an additional 409,691 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Stock Up 1.7%
Shares of NYSE ORCL opened at $218.04 on Monday. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The firm’s 50-day simple moving average is $253.08 and its 200 day simple moving average is $240.11. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a market cap of $621.59 billion, a price-to-earnings ratio of 50.47, a price-to-earnings-growth ratio of 2.47 and a beta of 1.66.
Oracle Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. Oracle’s payout ratio is presently 46.30%.
Analyst Upgrades and Downgrades
ORCL has been the topic of several recent analyst reports. Cantor Fitzgerald boosted their price target on Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Piper Sandler lifted their price objective on Oracle from $330.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, October 17th. William Blair restated an “outperform” rating on shares of Oracle in a research note on Friday, October 17th. Rothschild Redb raised shares of Oracle to a “strong sell” rating in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $322.73.
Get Our Latest Report on Oracle
Insider Buying and Selling at Oracle
In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the sale, the director directly owned 151,999 shares of the company’s stock, valued at approximately $43,018,756.98. The trade was a 24.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at $42,610,859.20. This trade represents a 20.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 204,254 shares of company stock valued at $60,227,807 over the last ninety days. Company insiders own 40.90% 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.
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