Toronto Dominion Bank Has $113.20 Million Holdings in Oracle Co. (NYSE:ORCL)

Toronto Dominion Bank boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 679,325 shares of the enterprise software provider’s stock after acquiring an additional 89,723 shares during the period. Toronto Dominion Bank’s holdings in Oracle were worth $113,199,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Oracle by 25.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,311 shares of the enterprise software provider’s stock valued at $1,552,000 after purchasing an additional 1,884 shares in the last quarter. Certified Advisory Corp lifted its stake in Oracle by 1.8% in the 4th quarter. Certified Advisory Corp now owns 4,600 shares of the enterprise software provider’s stock valued at $767,000 after acquiring an additional 83 shares in the last quarter. Empirical Asset Management LLC boosted its position in Oracle by 32.3% during the 4th quarter. Empirical Asset Management LLC now owns 15,413 shares of the enterprise software provider’s stock worth $2,568,000 after acquiring an additional 3,761 shares during the last quarter. Capital & Planning LLC boosted its position in Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after acquiring an additional 81 shares during the last quarter. Finally, Boston Common Asset Management LLC raised its holdings in shares of Oracle by 1.6% in the fourth quarter. Boston Common Asset Management LLC now owns 24,716 shares of the enterprise software provider’s stock valued at $4,119,000 after purchasing an additional 386 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,366 shares of company stock worth $4,015,723. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Mizuho reduced their price objective on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Barclays lowered their target price on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Stifel Nicolaus reduced their price target on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Finally, JMP Securities restated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.42.

Oracle Stock Performance

NYSE:ORCL opened at $160.31 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a 50 day simple moving average of $142.91 and a 200 day simple moving average of $162.49. Oracle Co. has a 1-year low of $114.55 and a 1-year high of $198.31. The stock has a market cap of $448.39 billion, a P/E ratio of 39.20, a PEG ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the firm posted $1.41 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s payout ratio is presently 46.95%.

Oracle 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.