Nomura Asset Management Co. Ltd. Has $43.57 Million Holdings in Oracle Co. (ORCL)

Nomura Asset Management Co. Ltd. decreased its position in Oracle Co. (NYSE:ORCL) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 952,335 shares of the enterprise software provider’s stock after selling 23,654 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Oracle were worth $43,569,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Tarbox Family Office Inc. grew its holdings in shares of Oracle by 71.1% in the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after buying an additional 965 shares during the period. Cpwm LLC lifted its position in Oracle by 6.0% in the 4th quarter. Cpwm LLC now owns 17,625 shares of the enterprise software provider’s stock valued at $833,000 after acquiring an additional 1,001 shares in the last quarter. Pillar Pacific Capital Management LLC lifted its position in Oracle by 0.6% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 180,430 shares of the enterprise software provider’s stock valued at $8,531,000 after acquiring an additional 1,017 shares in the last quarter. Butensky & Cohen Financial Security Inc. lifted its position in Oracle by 2.7% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 40,265 shares of the enterprise software provider’s stock valued at $1,904,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Timber Creek Capital Management LLC lifted its position in Oracle by 1.1% in the 4th quarter. Timber Creek Capital Management LLC now owns 92,267 shares of the enterprise software provider’s stock valued at $4,362,000 after acquiring an additional 1,045 shares in the last quarter. 56.34% of the stock is owned by institutional investors.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $52.19, for a total value of $195,712.50. Following the transaction, the director now owns 18,125 shares in the company, valued at approximately $945,943.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward Screven sold 500,000 shares of the company’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $46.89, for a total transaction of $23,445,000.00. Following the completion of the transaction, the insider now owns 2,644,595 shares in the company, valued at approximately $124,005,059.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,557,015 shares of company stock worth $117,480,315. 29.00% of the stock is owned by company insiders.

Several research firms recently commented on ORCL. Morgan Stanley reaffirmed a “buy” rating on shares of Oracle in a research report on Sunday, March 18th. TheStreet cut shares of Oracle from a “b+” rating to a “c+” rating in a research report on Monday, March 19th. Monness Crespi & Hardt began coverage on shares of Oracle in a research report on Wednesday, April 11th. They issued a “neutral” rating on the stock. Bank of America cut shares of Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 20th. Finally, ValuEngine cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twenty-three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $56.24.

Shares of ORCL stock opened at $48.45 on Wednesday. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $199.49 billion, a PE ratio of 19.46, a PEG ratio of 1.63 and a beta of 1.15. Oracle Co. has a 52-week low of $44.04 and a 52-week high of $53.48.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.11. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The business had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the business earned $0.69 EPS. Oracle’s quarterly revenue was up 5.4% on a year-over-year basis. equities analysts forecast that Oracle Co. will post 2.78 earnings per share for the current year.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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