Securian Asset Management Inc. Sells 12,347 Shares of Oracle Co. (NYSE:ORCL)

Securian Asset Management Inc. lowered its position in shares of Oracle Co. (NYSE:ORCLFree Report) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,625 shares of the enterprise software provider’s stock after selling 12,347 shares during the quarter. Securian Asset Management Inc.’s holdings in Oracle were worth $10,609,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ORCL. Orion Capital Management LLC bought a new stake in Oracle during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in Oracle in the 3rd quarter worth approximately $27,000. Nordwand Advisors LLC bought a new position in Oracle in the 4th quarter valued at $30,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after buying an additional 317 shares during the period. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ORCL. Oppenheimer began coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. BMO Capital Markets increased their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. KeyCorp began coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. Finally, Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. 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 company currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Read Our Latest Report on Oracle

Oracle Stock Performance

NYSE:ORCL traded up $1.34 on Friday, hitting $123.50. The company’s stock had a trading volume of 6,179,367 shares, compared to its average volume of 6,325,513. Oracle Co. has a one year low of $97.29 and a one year high of $132.77. The firm has a market capitalization of $339.44 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. The stock has a fifty day moving average of $121.27 and a two-hundred day moving average of $114.46. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Insider Buying and Selling at Oracle

In other news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares in the company, valued at $10,299,071.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock valued at $110,488,150 in the last three months. 42.80% of the stock is currently owned by company insiders.

Oracle Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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