Oracle Co. (NYSE:ORCL) Shares Sold by Exchange Bank

Exchange Bank decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 6.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,312 shares of the enterprise software provider’s stock after selling 361 shares during the period. Exchange Bank’s holdings in Oracle were worth $560,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in Oracle during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in Oracle during the third quarter worth $27,000. Cornerstone Planning Group LLC raised its holdings in Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares during the last quarter. Finally, BluePath Capital Management LLC acquired a new position in Oracle during the third quarter worth $45,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 16,300 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $106.02, for a total value of $1,728,126.00. Following the completion of the transaction, the director now owns 34,771 shares in the company, valued at approximately $3,686,421.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wolfe Research dropped their price target on Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, December 12th. Morgan Stanley reduced their target price on Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets lifted their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.33.

Oracle Stock Up 1.1 %

Shares of NYSE:ORCL traded up $1.39 during midday trading on Tuesday, hitting $129.19. 10,211,100 shares of the stock were exchanged, compared to its average volume of 9,260,298. Oracle Co. has a 52-week low of $85.25 and a 52-week high of $129.37. The business’s fifty day simple moving average is $113.80 and its two-hundred day simple moving average is $111.24. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $355.08 billion, a PE ratio of 34.09, a P/E/G ratio of 2.43 and a beta of 1.00.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. As a group, research analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

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.