Factory Mutual Insurance Co. Sells 3,694 Shares of Oracle Co. (NYSE:ORCL)

Factory Mutual Insurance Co. cut its holdings in Oracle Co. (NYSE:ORCL) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 122,996 shares of the enterprise software provider’s stock after selling 3,694 shares during the period. Factory Mutual Insurance Co.’s holdings in Oracle were worth $20,959,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ORCL. Janus Henderson Group PLC raised its stake in shares of Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares during the period. PineStone Asset Management Inc. boosted its stake in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after purchasing an additional 2,219,450 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Oracle by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock valued at $532,920,000 after buying an additional 2,093,893 shares in the last quarter. Altshuler Shaham Ltd increased its position in shares of Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after buying an additional 1,526,500 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after buying an additional 1,514,569 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,146,320 shares of company stock valued at $164,762,400. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. KeyCorp increased their price objective on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. BMO Capital Markets boosted their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Argus raised their price target on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Morgan Stanley boosted their price objective on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $167.42.

Oracle Trading Up 0.2 %

Shares of ORCL stock traded up $0.36 during mid-day trading on Friday, reaching $175.77. The stock had a trading volume of 5,869,413 shares, compared to its average volume of 8,534,808. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $487.07 billion, a PE ratio of 45.30, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The stock’s 50-day moving average price is $151.64 and its two-hundred day moving average price is $136.84.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the company earned $0.95 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. Oracle’s dividend payout ratio is 41.24%.

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.