Oracle Co. (NYSE:ORCL) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Oracle Co. (NYSE:ORCL) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,422 shares of the enterprise software provider’s stock after acquiring an additional 2,504 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Oracle were worth $4,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Vanguard Group Inc. boosted its holdings in Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after buying an additional 7,883,515 shares in the last quarter. Northern Trust Corp boosted its holdings in Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after buying an additional 635,994 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Oracle by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock worth $1,211,307,000 after buying an additional 61,604 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Oracle by 1.1% in the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after purchasing an additional 89,876 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Oracle by 9,299.3% in the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after purchasing an additional 8,084,067 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.80% of the company’s stock.

Oracle Stock Up 0.3 %

Shares of ORCL stock traded up $0.30 on Wednesday, hitting $115.39. The stock had a trading volume of 5,787,354 shares, compared to its average volume of 8,500,789. The firm has a market capitalization of $317.15 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 2.30 and a beta of 1.01. The stock’s 50 day moving average is $119.26 and its 200-day moving average is $113.05. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, research analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORCL. Piper Sandler reduced their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. KeyCorp started coverage on shares of Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Oppenheimer started coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.76.

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.