Mutual of America Capital Management LLC Has $26.37 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Mutual of America Capital Management LLC reduced its holdings in shares of Oracle Corporation (NYSE:ORCL) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,624 shares of the enterprise software provider’s stock after selling 3,890 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Oracle were worth $26,372,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Northern Trust Corp increased its stake in Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock worth $3,269,566,000 after acquiring an additional 2,176,892 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after buying an additional 2,350,448 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Oracle by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,046,273 shares of the enterprise software provider’s stock valued at $1,340,830,000 after acquiring an additional 335,352 shares in the last quarter. Deutsche Bank AG boosted its stake in Oracle by 9.4% during the 4th quarter. Deutsche Bank AG now owns 6,821,083 shares of the enterprise software provider’s stock valued at $1,136,665,000 after purchasing an additional 585,560 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock valued at $664,810,000 after purchasing an additional 4,723,631 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL opened at $256.52 on Thursday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm’s 50-day moving average price is $219.21 and its 200 day moving average price is $176.71. The firm has a market capitalization of $720.51 billion, a PE ratio of 59.11, a PEG ratio of 3.81 and a beta of 1.43.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. As a group, sell-side analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s payout ratio is presently 46.08%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 428,303 shares of company stock valued at $82,480,056 over the last 90 days. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Bank of America boosted their target price on Oracle from $220.00 to $295.00 and gave the company a “neutral” rating in a research report on Tuesday. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. Evercore ISI boosted their price target on Oracle from $215.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, July 14th. Finally, Scotiabank assumed coverage on shares of Oracle in a report on Thursday, July 17th. They set a “sector outperform” rating and a $300.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $222.75.

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.