Oracle Co. (ORCL) Stake Lowered by Peoples Bank OH

Peoples Bank OH cut its holdings in Oracle Co. (NYSE:ORCL) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,102 shares of the enterprise software provider’s stock after selling 375 shares during the quarter. Peoples Bank OH’s holdings in Oracle were worth $591,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Northern Trust Corp increased its position in shares of Oracle by 0.6% during the fourth quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock worth $1,821,360,000 after purchasing an additional 238,058 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Oracle by 5.1% during the third quarter. Clearbridge Investments LLC now owns 21,161,401 shares of the enterprise software provider’s stock worth $1,091,082,000 after purchasing an additional 1,022,017 shares in the last quarter. Morgan Stanley increased its position in shares of Oracle by 20.1% during the third quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock worth $1,029,110,000 after purchasing an additional 3,340,653 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Oracle by 4.1% during the fourth quarter. Nordea Investment Management AB now owns 15,877,915 shares of the enterprise software provider’s stock worth $716,891,000 after purchasing an additional 626,766 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Oracle by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 14,543,137 shares of the enterprise software provider’s stock worth $656,623,000 after purchasing an additional 420,553 shares in the last quarter. Institutional investors and hedge funds own 47.39% of the company’s stock.

In other news, CEO Mark V. Hurd sold 1,200,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $53.83, for a total value of $64,596,000.00. Following the transaction, the chief executive officer now owns 1,664,227 shares of the company’s stock, valued at approximately $89,585,339.41. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $51.51, for a total value of $193,162.50. Following the completion of the transaction, the director now directly owns 27,969 shares in the company, valued at approximately $1,440,683.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,773,750 shares of company stock worth $95,395,063. Corporate insiders own 32.00% of the company’s stock.

Several analysts recently commented on ORCL shares. BMO Capital Markets cut Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 price target for the company. in a research report on Friday, March 15th. Barclays cut Oracle from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $60.00 to $55.00 in a research report on Wednesday, January 9th. Atlantic Securities started coverage on Oracle in a research note on Wednesday, January 9th. They set an “underweight” rating and a $45.00 price objective on the stock. Morgan Stanley lowered Oracle from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $57.00 to $53.00 in a research note on Tuesday, January 15th. Finally, Standpoint Research raised Oracle from a “hold” rating to a “buy” rating and set a $42.69 price objective on the stock in a research note on Wednesday, December 26th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the stock. Oracle presently has a consensus rating of “Hold” and a consensus price target of $52.53.

Shares of Oracle stock opened at $54.52 on Friday. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $54.91. The firm has a market capitalization of $225.69 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 2.13.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 3.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.19. Oracle’s dividend payout ratio is 34.04%.

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Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company 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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