Acadian Asset Management LLC Has $20.78 Million Holdings in Oracle Co. (NYSE:ORCL)

Acadian Asset Management LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 2.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 147,204 shares of the enterprise software provider’s stock after purchasing an additional 3,912 shares during the period. Acadian Asset Management LLC’s holdings in Oracle were worth $20,776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new stake in shares of Oracle in the first quarter valued at approximately $25,000. Tidemark LLC bought a new position in Oracle during the fourth quarter worth $29,000. Nordwand Advisors LLC acquired a new position in shares of Oracle in the fourth quarter valued at $30,000. Frank Rimerman Advisors LLC bought a new position in shares of Oracle in the fourth quarter valued at about $30,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of Oracle during the 2nd quarter worth about $30,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on 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 sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,862,500 shares of company stock worth $266,776,624. Company insiders own 42.80% of the company’s stock.

Oracle Trading Down 1.3 %

NYSE ORCL opened at $139.91 on Tuesday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The business’s fifty day moving average is $138.65 and its 200 day moving average is $128.82. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The company has a market cap of $385.57 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.07. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 earnings per share. As a group, sell-side analysts expect that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. Oracle’s payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Bank of America upped their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. KeyCorp lifted their price target on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. Evercore ISI upped their price objective on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, Stifel Nicolaus lifted their target price on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.30.

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.