Peoples Bank OH Purchases 676 Shares of Oracle Co. (NYSE:ORCL)

Peoples Bank OH raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,998 shares of the enterprise software provider’s stock after purchasing an additional 676 shares during the period. Peoples Bank OH’s holdings in Oracle were worth $1,256,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Contour Asset Management LLC lifted its position in shares of Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock worth $231,203,000 after buying an additional 643,490 shares in the last quarter. Sandy Spring Bank grew its position in Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after purchasing an additional 1,107 shares during the period. Hancock Whitney Corp boosted its holdings in Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after buying an additional 3,291 shares during the last quarter. LVM Capital Management Ltd. MI lifted its stake in Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after purchasing an additional 200 shares in the last quarter. Finally, Heritage Wealth Advisors lifted its stake in Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after purchasing an additional 109 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Guggenheim reaffirmed a “buy” rating and set a $175.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating for the company. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Down 3.0 %

Shares of ORCL traded down $4.37 during trading hours on Tuesday, hitting $140.66. The company had a trading volume of 14,334,453 shares, compared to its average volume of 8,662,155. The company has a market capitalization of $387.64 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. Oracle Co. has a one year low of $99.26 and a one year high of $145.79. The company’s fifty day moving average price is $129.20 and its two-hundred day moving average price is $120.12.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 EPS. As a group, equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. Oracle’s payout ratio is 43.13%.

Insider Buying and Selling

In related news, insider Edward Screven sold 37,221 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Edward Screven sold 37,221 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at $368,246,045.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. In the last 90 days, insiders sold 385,639 shares of company stock valued at $53,002,729. 42.80% of the stock is owned by company insiders.

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.