Tokio Marine Asset Management Co. Ltd. Acquires 2,240 Shares of Oracle Co. (NYSE:ORCL)

Tokio Marine Asset Management Co. Ltd. increased its stake in Oracle Co. (NYSE:ORCL) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,886 shares of the enterprise software provider’s stock after purchasing an additional 2,240 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Oracle were worth $7,819,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Eagle Rock Investment Company LLC raised its holdings in Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after purchasing an additional 64 shares during the period. W Advisors LLC increased its holdings in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after buying an additional 64 shares during the last quarter. Versant Capital Management Inc raised its holdings in Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after buying an additional 65 shares during the period. Oak Ridge Investments LLC boosted its holdings in Oracle by 3.9% during the 3rd quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after acquiring an additional 65 shares during the period. Finally, Trust Point Inc. boosted its stake in shares of Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after purchasing an additional 66 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Jefferies Financial Group lifted their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, JMP Securities upped their target price on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Stock Performance

ORCL traded down $2.05 on Thursday, reaching $187.58. The company had a trading volume of 364,115 shares, compared to its average volume of 8,219,148. The stock has a 50-day moving average price of $170.41 and a 200-day moving average price of $145.85. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $191.77. The stock has a market capitalization of $519.80 billion, a PE ratio of 48.87, a P/E/G ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

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.