Mizuho Markets Americas LLC Has $198.29 Million Position in Oracle Co. (NYSE:ORCL)

Mizuho Markets Americas LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,163,695 shares of the enterprise software provider’s stock after selling 2,770 shares during the quarter. Oracle comprises about 4.1% of Mizuho Markets Americas LLC’s portfolio, making the stock its 5th biggest position. Mizuho Markets Americas LLC’s holdings in Oracle were worth $198,294,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Eagle Rock Investment Company LLC increased its position in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares during the period. W Advisors LLC boosted its stake in shares of Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after purchasing an additional 64 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after purchasing an additional 65 shares in the last quarter. Oak Ridge Investments LLC increased its position in shares of Oracle by 3.9% during the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after buying an additional 65 shares during the period. Finally, Trust Point Inc. raised its stake in Oracle by 0.5% in the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock worth $2,318,000 after buying an additional 66 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were 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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on ORCL shares. Morgan Stanley lifted their price objective on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Citigroup lifted their price target on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Royal Bank of Canada assumed coverage on Oracle in a report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price objective for the company. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, Jefferies Financial Group increased their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Performance

NYSE:ORCL opened at $183.71 on Friday. The stock has a 50-day simple moving average of $172.14 and a two-hundred day simple moving average of $146.60. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77. The firm has a market capitalization of $509.07 billion, a PE ratio of 47.35, a P/E/G ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the firm posted $0.95 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

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.