Natixis Advisors L.P. Buys 63,424 Shares of Oracle Co. (NYSE:ORCL)

Natixis Advisors L.P. raised its stake in Oracle Co. (NYSE:ORCL) by 3.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,030,640 shares of the enterprise software provider’s stock after acquiring an additional 63,424 shares during the period. Oracle accounts for about 0.7% of Natixis Advisors L.P.’s holdings, making the stock its 16th biggest holding. Natixis Advisors L.P.’s holdings in Oracle were worth $142,488,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Johnson Midwest Financial LLC bought a new stake in shares of Oracle in the fourth quarter worth $26,000. RWM Asset Management LLC acquired a new position in shares of Oracle in the fourth quarter valued at $30,000. Oder Investment Management LLC acquired a new position in shares of Oracle in the fourth quarter valued at $31,000. Cowa LLC acquired a new position in shares of Oracle in the fourth quarter valued at $30,000. Finally, Filbrandt Wealth Management LLC increased its holdings in shares of Oracle by 248.0% in the first quarter. Filbrandt Wealth Management LLC now owns 522 shares of the enterprise software provider’s stock valued at $37,000 after purchasing an additional 372 shares during the last quarter. 47.54% of the stock is currently owned by institutional investors and hedge funds.

In other Oracle news, CEO Safra Catz sold 1,013,000 shares of the firm’s stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $66.42, for a total transaction of $67,283,460.00. Following the transaction, the chief executive officer now directly owns 1,778,592 shares in the company, valued at approximately $118,134,080.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,400,000 shares of Oracle stock in a transaction on Monday, May 10th. The stock was sold at an average price of $80.03, for a total value of $112,042,000.00. Following the sale, the chairman now owns 1,140,132,353 shares in the company, valued at $91,244,792,210.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,833,000 shares of company stock worth $727,623,560. Company insiders own 39.10% of the company’s stock.

ORCL has been the topic of several research reports. Monness Crespi & Hardt upped their price objective on shares of Oracle from $82.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, March 11th. Cowen upped their price objective on shares of Oracle from $77.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 22nd. Morgan Stanley upped their price target on shares of Oracle from $67.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 17th. KeyCorp upped their price target on shares of Oracle from $70.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, March 15th. Finally, BMO Capital Markets upped their price target on shares of Oracle from $64.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, March 9th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $71.81.

Shares of ORCL stock opened at $78.89 on Friday. The company has a market cap of $227.48 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. Oracle Co. has a 52 week low of $50.91 and a 52 week high of $80.72. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 7.37. The firm has a 50 day moving average of $75.57 and a 200-day moving average of $65.41.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, March 9th. The enterprise software provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.11 by $0.05. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The company had revenue of $10.09 billion during the quarter, compared to the consensus estimate of $10.07 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 3.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 22nd. Shareholders of record on Thursday, April 8th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, April 7th. This is a boost from Oracle’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a yield of 1.62%. Oracle’s dividend payout ratio (DPR) is 36.99%.

Oracle Profile

Oracle Corporation provides 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 enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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