Daiwa Securities Group Inc. Raises Position in Oracle Corporation $ORCL

Daiwa Securities Group Inc. raised its holdings in Oracle Corporation (NYSE:ORCL) by 7.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,554 shares of the enterprise software provider’s stock after buying an additional 17,455 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Oracle were worth $57,839,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ORCL. Swiss National Bank lifted its holdings in shares of Oracle by 7.6% during the 2nd quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock valued at $1,113,526,000 after acquiring an additional 360,000 shares in the last quarter. Private Wealth Asset Management LLC boosted its stake in shares of Oracle by 9.2% in the second quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock valued at $835,000 after purchasing an additional 321 shares during the period. Soltis Investment Advisors LLC grew its stake in shares of Oracle by 4.8% during the second quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock valued at $7,201,000 after acquiring an additional 1,515 shares in the last quarter. Cascade Investment Group Inc. acquired a new stake in Oracle during the 2nd quarter valued at approximately $239,000. Finally, Lockerman Financial Group Inc. acquired a new stake in shares of Oracle during the second quarter worth approximately $328,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, EVP Stuart Levey sold 19,758 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the sale, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total value of $11,065,600.00. Following the transaction, the chief executive officer directly owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. The trade was a 20.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 204,254 shares of company stock worth $60,227,807. Company insiders own 40.90% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $220.53 on Tuesday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The stock’s fifty day moving average is $251.84 and its 200-day moving average is $240.56. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $628.67 billion, a price-to-earnings ratio of 51.05, a price-to-earnings-growth ratio of 2.47 and a beta of 1.66.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, September 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 company had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. Equities analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird dropped their target price on shares of Oracle from $365.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $310.00 price objective on shares of Oracle in a research note on Friday. Rothschild Redb upgraded Oracle to a “strong sell” rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. increased their target price on Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Finally, HSBC reissued a “buy” rating and set a $382.00 price target on shares of Oracle in a report on Wednesday, November 26th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.84.

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.