Massmutual Trust Co. FSB ADV Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Massmutual Trust Co. FSB ADV boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 20.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,513 shares of the enterprise software provider’s stock after purchasing an additional 3,167 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Oracle were worth $3,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC boosted its position in Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares during the period. PineStone Asset Management Inc. boosted its position in Oracle by 131.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after purchasing an additional 2,219,450 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Oracle by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock valued at $532,920,000 after purchasing an additional 2,093,893 shares during the period. Altshuler Shaham Ltd boosted its position in Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after purchasing an additional 1,526,500 shares during the period. Finally, Vanguard Group Inc. boosted its position in Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after purchasing an additional 1,514,569 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Mizuho boosted their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Guggenheim boosted their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. UBS Group boosted their price target on Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $167.42.

Oracle Stock Down 0.5 %

NYSE:ORCL opened at $166.92 on Friday. The firm has a market capitalization of $462.55 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 3.10 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $173.99. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The business’s fifty day moving average price is $147.21 and its 200 day moving average price is $134.86.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The disclosure for this sale can be found here. Insiders have sold 1,573,181 shares of company stock worth $225,338,245 over the last 90 days. 42.80% of the stock is currently owned by corporate insiders.

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.