Todays Report: The Mizuho Trust & Banking Co. Ltd. Reduces stake in Oracle Corp. (ORCL)

The Mizuho Trust & Banking Co. Ltd. Reduces stake in Oracle Corp. (ORCL)

Mizuho Trust & Banking Co. Ltd. cut its position in Oracle Corp. (NYSE:ORCL) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 5,251,108 shares of the enterprise software provider’s stock after selling 61,648 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in Oracle Corp. were worth $214,928,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gardner Russo & Gardner LLC acquired a new position in Oracle Corp. during the first quarter valued at approximately $205,000. Covington Investment Advisors Inc. increased its position in Oracle Corp. by 1.5% in the first quarter. Covington Investment Advisors Inc. now owns 97,965 shares of the enterprise software provider’s stock valued at $4,008,000 after buying an additional 1,410 shares during the last quarter. BB&T Securities LLC increased its position in Oracle Corp. by 385.2% in the first quarter. BB&T Securities LLC now owns 523,889 shares of the enterprise software provider’s stock valued at $21,432,000 after buying an additional 415,912 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Oracle Corp. by 0.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 101,867 shares of the enterprise software provider’s stock valued at $4,167,000 after buying an additional 597 shares during the last quarter. Finally, Ruffer LLP increased its position in Oracle Corp. by 0.9% in the first quarter. Ruffer LLP now owns 5,005,282 shares of the enterprise software provider’s stock valued at $204,790,000 after buying an additional 46,181 shares during the last quarter. 58.22% of the stock is currently owned by institutional investors and hedge funds.

Oracle Corp. (NYSE:ORCL) traded down 0.13% during trading on Friday, reaching $38.17. 7,803,348 shares of the company were exchanged. The company has a market capitalization of $156.71 billion, a P/E ratio of 18.13 and a beta of 1.23. The firm’s 50-day moving average is $38.94 and its 200 day moving average is $40.05. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00.

Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The company had revenue of $8.60 billion for the quarter. During the same period in the previous year, the business earned $0.53 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Oracle Corp. will post $2.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.

A number of equities research analysts have issued reports on ORCL shares. Sanford C. Bernstein restated an “outperform” rating and set a $51.00 price target on shares of Oracle Corp. in a report on Friday, July 15th. Atlantic Securities cut shares of Oracle Corp. from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $48.00 to $44.00 in a research note on Tuesday, July 19th. Macquarie reiterated an “outperform” rating on shares of Oracle Corp. in a research note on Tuesday, July 19th. BTIG Research increased their target price on shares of Oracle Corp. from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, July 14th. Finally, Vetr cut shares of Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 target price for the company. in a research note on Monday, August 15th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.26.

In other news, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the transaction, the executive vice president now directly owns 119,645 shares in the company, valued at $4,925,784.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $38.42, for a total transaction of $144,075.00. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at $318,156.02. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company’s stock.

About Oracle Corp.

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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