Field & Main Bank Has $2.01 Million Stock Position in Oracle Co. (NYSE:ORCL)

Field & Main Bank increased its position in Oracle Co. (NYSE:ORCL) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,105 shares of the enterprise software provider’s stock after purchasing an additional 499 shares during the quarter. Field & Main Bank’s holdings in Oracle were worth $2,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Vanguard Group Inc. grew its stake in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the last quarter. Northern Trust Corp lifted its holdings in Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Oracle by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock valued at $1,211,307,000 after buying an additional 61,604 shares in the last quarter. Invesco Ltd. increased its position in Oracle by 1.1% during the 3rd quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after buying an additional 89,876 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. HSBC lifted their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Piper Sandler cut their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Oppenheimer assumed coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating on the stock. KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Performance

ORCL traded down $0.71 during trading on Monday, hitting $116.50. 5,189,586 shares of the company traded hands, compared to its average volume of 8,437,914. The firm has a market cap of $320.20 billion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a one year low of $93.85 and a one year high of $132.77. The stock’s fifty day moving average is $119.52 and its 200 day moving average is $113.21.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.80% of the stock is owned by corporate insiders.

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.