Asahi Life Asset Management CO. LTD. Has $853,000 Stake in Oracle Co. (NYSE:ORCL)

Asahi Life Asset Management CO. LTD. lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 10.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,120 shares of the enterprise software provider’s stock after selling 600 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Oracle were worth $853,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ORCL. Halbert Hargrove Global Advisors LLC bought a new stake in Oracle in the fourth quarter valued at $47,000. Norden Group LLC grew its stake in shares of Oracle by 12.6% in the 4th quarter. Norden Group LLC now owns 40,094 shares of the enterprise software provider’s stock valued at $6,681,000 after buying an additional 4,491 shares during the period. Kinsale Capital Group Inc. increased its position in Oracle by 11.0% in the 4th quarter. Kinsale Capital Group Inc. now owns 57,002 shares of the enterprise software provider’s stock valued at $9,499,000 after buying an additional 5,662 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Oracle by 8.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 18,840 shares of the enterprise software provider’s stock worth $3,145,000 after buying an additional 1,410 shares during the period. Finally, Maia Wealth LLC boosted its holdings in Oracle by 18.8% in the fourth quarter. Maia Wealth LLC now owns 6,387 shares of the enterprise software provider’s stock worth $1,011,000 after acquiring an additional 1,009 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 0.8 %

Oracle stock opened at $166.09 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $464.55 billion, a P/E ratio of 40.61, a P/E/G ratio of 3.46 and a beta of 1.05. The firm has a 50 day moving average price of $168.93 and a 200-day moving average price of $168.60. Oracle Co. has a twelve month low of $110.36 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.34 earnings per share. As a group, equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ORCL. KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Piper Sandler lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Guggenheim upped their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.