Mirae Asset Global Investments Co. Ltd. Has $58.35 Million Holdings in Oracle Co. (NYSE:ORCL)

Mirae Asset Global Investments Co. Ltd. increased its stake in Oracle Co. (NYSE:ORCL) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,085 shares of the enterprise software provider’s stock after purchasing an additional 30,902 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Oracle were worth $58,351,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ORCL. Czech National Bank raised its position in Oracle by 7.2% in the 3rd quarter. Czech National Bank now owns 325,610 shares of the enterprise software provider’s stock worth $55,484,000 after purchasing an additional 21,832 shares during the last quarter. Miracle Mile Advisors LLC raised its position in shares of Oracle by 14.3% during the 3rd quarter. Miracle Mile Advisors LLC now owns 17,652 shares of the enterprise software provider’s stock valued at $3,008,000 after acquiring an additional 2,212 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Oracle by 1.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after buying an additional 65 shares during the period. Ignite Planners LLC grew its holdings in shares of Oracle by 20.2% in the 3rd quarter. Ignite Planners LLC now owns 3,065 shares of the enterprise software provider’s stock valued at $522,000 after buying an additional 515 shares during the period. Finally, Affinity Capital Advisors LLC grew its holdings in shares of Oracle by 12.9% in the 3rd quarter. Affinity Capital Advisors LLC now owns 1,836 shares of the enterprise software provider’s stock valued at $313,000 after buying an additional 210 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research analyst reports. DA Davidson boosted their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Evercore ISI upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Morgan Stanley upped their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Down 0.4 %

Shares of ORCL stock opened at $167.98 on Wednesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50-day moving average is $171.50 and its 200-day moving average is $163.79. The stock has a market cap of $469.83 billion, a price-to-earnings ratio of 41.07, a PEG ratio of 3.35 and a beta of 1.05. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 earnings per share. Sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio is currently 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Company 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.