Mitsubishi UFJ Trust & Banking Corp Has $132.72 Million Position in Oracle Co. (NYSE:ORCL)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of Oracle Co. (NYSE:ORCLFree Report) by 11.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,253,023 shares of the enterprise software provider’s stock after selling 168,359 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Oracle were worth $132,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Marquette Asset Management LLC lifted its holdings in Oracle by 445.5% during the 2nd quarter. Marquette Asset Management LLC now owns 240 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 196 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in 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 acquiring an additional 317 shares in the last quarter. Studio Investment Management LLC acquired a new position in Oracle in the 4th quarter valued at $42,000. BluePath Capital Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth $45,000. Finally, Intrepid Capital Management Inc. acquired a new position in shares of Oracle during the 2nd quarter worth $51,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research analyst reports. UBS Group lowered their price target on Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, December 12th. Evercore ISI lowered their price target on Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. Erste Group Bank reissued a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Piper Sandler reduced their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. Finally, Wolfe Research reduced their price objective on Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $127.00.

Get Our Latest Stock Report on Oracle

Oracle Stock Down 0.5 %

ORCL stock traded down $0.59 during trading on Thursday, reaching $116.68. 4,468,671 shares of the stock were exchanged, compared to its average volume of 7,791,957. The firm’s 50 day moving average is $108.94 and its 200 day moving average is $111.46. Oracle Co. has a twelve month low of $82.04 and a twelve month high of $127.54. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 18.84. The firm has a market cap of $320.74 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings results on Monday, December 11th. The enterprise software provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. The business had revenue of $12.94 billion for the quarter, compared to the consensus estimate of $13.05 billion. Oracle had a return on equity of 703.26% and a net margin of 19.64%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 EPS. As a group, research analysts forecast that Oracle Co. will post 4.45 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 44.20%.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 2,325 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $113.76, for a total value of $264,492.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,029,023.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director George H. Conrades sold 2,325 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $113.76, for a total value of $264,492.00. Following the completion of the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,029,023.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 16,300 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $106.02, for a total value of $1,728,126.00. Following the completion of the transaction, the director now directly owns 34,771 shares of the company’s stock, valued at $3,686,421.42. The disclosure for this sale can be found here. Insiders sold a total of 20,950 shares of company stock valued at $2,252,948 over the last ninety days. 42.80% of the stock is currently owned by 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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