Assenagon Asset Management S.A. Purchases 26,893 Shares of Oracle Co. (NYSE:ORCL)

Assenagon Asset Management S.A. increased its position in shares of Oracle Co. (NYSE:ORCLGet Rating) by 166.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,007 shares of the enterprise software provider’s stock after acquiring an additional 26,893 shares during the period. Assenagon Asset Management S.A.’s holdings in Oracle were worth $2,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. FMR LLC grew its stake in Oracle by 7.6% in the 2nd quarter. FMR LLC now owns 18,430,838 shares of the enterprise software provider’s stock worth $1,287,763,000 after buying an additional 1,299,311 shares in the last quarter. Primecap Management Co. CA grew its stake in Oracle by 16.4% in the 2nd quarter. Primecap Management Co. CA now owns 12,019,801 shares of the enterprise software provider’s stock worth $839,823,000 after buying an additional 1,693,271 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Oracle by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,524,116 shares of the enterprise software provider’s stock worth $953,393,000 after buying an additional 117,443 shares in the last quarter. Fiera Capital Corp grew its stake in Oracle by 1.8% in the 2nd quarter. Fiera Capital Corp now owns 9,473,298 shares of the enterprise software provider’s stock worth $661,899,000 after buying an additional 165,624 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in Oracle by 3.4% in the 2nd quarter. Clearbridge Investments LLC now owns 7,938,781 shares of the enterprise software provider’s stock worth $554,683,000 after buying an additional 264,266 shares in the last quarter. Institutional investors own 40.96% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock opened at $88.60 on Thursday. The firm has a market cap of $238.89 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.77 and a beta of 1.02. Oracle Co. has a 1 year low of $60.78 and a 1 year high of $89.52. The company has a 50-day moving average of $80.89 and a 200 day moving average of $75.12.

Oracle (NYSE:ORCLGet Rating) last released its quarterly earnings data on Monday, December 12th. The enterprise software provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.04. The business had revenue of $12.28 billion during the quarter, compared to analyst estimates of $12.01 billion. Oracle had a net margin of 19.09% and a negative return on equity of 189.46%. Oracle’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the business earned $1.21 EPS. On average, equities analysts anticipate that Oracle Co. will post 3.9 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 24th. Shareholders of record on Tuesday, January 10th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, January 9th. This represents a $1.28 dividend on an annualized basis and a yield of 1.44%. Oracle’s dividend payout ratio is currently 40.13%.

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. Bank of America boosted their price target on shares of Oracle from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 13th. Guggenheim upped their price objective on shares of Oracle to $115.00 in a research note on Thursday, October 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, October 21st. Societe Generale upped their price objective on shares of Oracle to $93.00 in a research note on Wednesday, December 14th. Finally, JPMorgan Chase & Co. set a $84.00 price objective on shares of Oracle in a research note on Monday, November 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.68.

Insider Buying and Selling at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $82.00, for a total transaction of $32,800,000.00. Following the completion of the sale, the insider now directly owns 1,792,688 shares in the company, valued at approximately $147,000,416. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $82.00, for a total transaction of $32,800,000.00. Following the sale, the insider now owns 1,792,688 shares of the company’s stock, valued at approximately $147,000,416. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward Screven sold 200,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $74.90, for a total transaction of $14,980,000.00. Following the sale, the insider now directly owns 2,543,033 shares in the company, valued at approximately $190,473,171.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 690,000 shares of company stock worth $54,987,200. 43.70% of the stock is owned by corporate insiders.

Oracle Profile

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

Further Reading

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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