The Manufacturers Life Insurance Company Has $660.80 Million Position in Oracle Co. (NYSE:ORCL)

The Manufacturers Life Insurance Company lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 16.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,877,954 shares of the enterprise software provider’s stock after selling 739,921 shares during the period. The Manufacturers Life Insurance Company owned 0.14% of Oracle worth $660,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Acorn Wealth Advisors LLC bought a new position in Oracle in the 3rd quarter worth approximately $244,000. Associated Banc Corp grew its stake in shares of Oracle by 4.1% in the third quarter. Associated Banc Corp now owns 8,458 shares of the enterprise software provider’s stock worth $1,441,000 after acquiring an additional 334 shares during the last quarter. Private Trust Co. NA raised its stake in Oracle by 7.9% during the 3rd quarter. Private Trust Co. NA now owns 29,543 shares of the enterprise software provider’s stock valued at $5,034,000 after purchasing an additional 2,165 shares during the last quarter. Mirabella Financial Services LLP lifted its stake in shares of Oracle by 856.6% in the third quarter. Mirabella Financial Services LLP now owns 22,108 shares of the enterprise software provider’s stock valued at $3,696,000 after buying an additional 19,797 shares during the period. Finally, Truvestments Capital LLC grew its holdings in shares of Oracle by 864.1% during the 3rd quarter. Truvestments Capital LLC now owns 20,333 shares of the enterprise software provider’s stock worth $3,465,000 after purchasing an additional 18,224 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Down 2.2 %

Shares of Oracle stock opened at $188.09 on Tuesday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $196.04. The business has a fifty day simple moving average of $175.98 and a 200 day simple moving average of $150.14. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $521.21 billion, a PE ratio of 48.48, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 EPS. Research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ORCL shares. Guggenheim increased their target price on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Jefferies Financial Group upped their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Evercore ISI boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. BMO Capital Markets lifted their target price on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Finally, UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

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.