Plato Investment Management Ltd Has $4.97 Million Stock Holdings in Oracle Corporation $ORCL

Plato Investment Management Ltd decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 5.9% in the 1st quarter, HoldingsChannel reports. The fund owned 35,137 shares of the enterprise software provider’s stock after selling 2,198 shares during the period. Plato Investment Management Ltd’s holdings in Oracle were worth $4,966,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SageView Advisory Group LLC grew its holdings in Oracle by 4.0% during the first quarter. SageView Advisory Group LLC now owns 15,283 shares of the enterprise software provider’s stock worth $2,137,000 after buying an additional 585 shares in the last quarter. Advisory Alpha LLC boosted its holdings in Oracle by 12.4% during the 1st quarter. Advisory Alpha LLC now owns 3,601 shares of the enterprise software provider’s stock worth $503,000 after acquiring an additional 396 shares during the last quarter. Alaethes Wealth LLC grew its position in Oracle by 1.5% in the 1st quarter. Alaethes Wealth LLC now owns 16,130 shares of the enterprise software provider’s stock worth $2,255,000 after purchasing an additional 231 shares in the last quarter. SCS Capital Management LLC purchased a new stake in Oracle in the 1st quarter valued at about $4,753,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Oracle by 0.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock worth $1,941,195,000 after buying an additional 59,164 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred on Thursday, July 3rd. The shares were 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 of the company’s stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction 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 transaction, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 444,183 shares of company stock valued at $86,521,198. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. CIBC restated a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Citigroup boosted their price objective on Oracle from $196.00 to $240.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays upped their price objective on shares of Oracle from $221.00 to $281.00 and gave the company an “overweight” rating in a report on Monday. UBS Group lifted their target price on shares of Oracle from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Finally, Evercore ISI upped their price target on shares of Oracle from $215.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $235.61.

Oracle Stock Up 1.3%

NYSE:ORCL opened at $241.67 on Wednesday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50-day moving average price is $240.23 and its 200-day moving average price is $187.60. The company has a market capitalization of $678.81 billion, a PE ratio of 55.68, a P/E/G ratio of 3.56 and a beta of 1.46. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. On average, equities analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle’s dividend payout ratio is currently 46.08%.

About Oracle

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.