Oracle Co. (NYSE:ORCL) Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Posted by Defense World Staff on Sep 13th, 2023

Ilmarinen Mutual Pension Insurance Co raised its holdings in shares of Oracle Co. (NYSE:ORCL – Free Report) by 15.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 182,452 shares of the enterprise software provider’s stock after purchasing an additional 25,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Oracle were worth $16,953,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ORCL. Atlas Wealth LLC acquired a new position in shares of Oracle in the 4th quarter worth approximately $315,000. CoreCap Advisors LLC grew its position in shares of Oracle by 22.4% in the 4th quarter. CoreCap Advisors LLC now owns 8,566 shares of the enterprise software provider’s stock worth $700,000 after acquiring an additional 1,565 shares in the last quarter. Resources Investment Advisors LLC. grew its position in shares of Oracle by 34.0% in the 1st quarter. Resources Investment Advisors LLC. now owns 18,153 shares of the enterprise software provider’s stock worth $1,687,000 after acquiring an additional 4,606 shares in the last quarter. DGS Capital Management LLC grew its position in shares of Oracle by 3.1% in the 4th quarter. DGS Capital Management LLC now owns 3,991 shares of the enterprise software provider’s stock worth $326,000 after acquiring an additional 120 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Oracle by 45.5% in the 4th quarter. Cetera Investment Advisers now owns 102,427 shares of the enterprise software provider’s stock worth $8,372,000 after acquiring an additional 32,033 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ORCL. Morgan Stanley lifted their target price on Oracle from $105.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on Oracle from $120.00 to $135.00 in a report on Tuesday, June 13th. KeyCorp raised their price target on Oracle from $105.00 to $120.00 in a report on Friday, June 9th. Guggenheim raised their price target on Oracle from $120.00 to $150.00 in a report on Tuesday, June 13th. Finally, Monness Crespi & Hardt downgraded Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.48.

Get Our Latest Report on ORCL

Insider Activity

In other Oracle news, Director Jeffrey Berg sold 4,866 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $125.31, for a total value of $609,758.46. Following the transaction, the director now owns 207,409 shares in the company, valued at $25,990,421.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total value of $211,662,500.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $138,576,328,095.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Berg sold 4,866 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $125.31, for a total value of $609,758.46. Following the completion of the transaction, the director now owns 207,409 shares in the company, valued at approximately $25,990,421.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,175,443 shares of company stock worth $510,658,596. 43.70% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $109.61 on Wednesday. Oracle Co. has a 1-year low of $60.78 and a 1-year high of $127.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 55.54. The company has a market capitalization of $297.51 billion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 3.48 and a beta of 1.00. The stock’s fifty day simple moving average is $117.41 and its 200-day simple moving average is $105.85.

Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Oracle had a negative return on equity of 470.73% and a net margin of 17.02%. The business had revenue of $12.45 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. Oracle’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, sell-side analysts predict that Oracle Co. will post 4.5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.46%. Oracle’s dividend payout ratio is 52.29%.

Oracle 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.