Oracle Co. (NYSE:ORCL) Position Boosted by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 0.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 220,480 shares of the enterprise software provider’s stock after purchasing an additional 997 shares during the quarter. New York Life Investment Management LLC’s holdings in Oracle were worth $31,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Addison Advisors LLC increased its stake in Oracle by 5.7% in the 2nd quarter. Addison Advisors LLC now owns 5,566 shares of the enterprise software provider’s stock valued at $786,000 after buying an additional 300 shares during the period. Wellington Shields Capital Management LLC increased its stake in shares of Oracle by 75.2% in the second quarter. Wellington Shields Capital Management LLC now owns 2,444 shares of the enterprise software provider’s stock worth $345,000 after acquiring an additional 1,049 shares during the last quarter. Impax Asset Management Group plc raised its holdings in shares of Oracle by 19.6% during the second quarter. Impax Asset Management Group plc now owns 2,272,140 shares of the enterprise software provider’s stock worth $320,188,000 after acquiring an additional 371,949 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Oracle by 1.0% during the second quarter. Arizona State Retirement System now owns 478,086 shares of the enterprise software provider’s stock worth $67,506,000 after acquiring an additional 4,777 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Oracle by 1.0% during the second quarter. Victory Capital Management Inc. now owns 569,980 shares of the enterprise software provider’s stock valued at $80,481,000 after purchasing an additional 5,396 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of Oracle stock opened at $141.78 on Friday. The firm has a fifty day moving average price of $138.72 and a two-hundred day moving average price of $128.33. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The company has a market cap of $390.73 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $1.35 earnings per share. Analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.13%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of the 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 completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock worth $266,776,624 over the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Guggenheim reiterated a “buy” rating and issued a $175.00 target price on shares of Oracle in a research note on Tuesday, June 25th. UBS Group increased their price target on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, Sanford C. Bernstein lifted their price objective on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.83.

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.