Oracle Co. (NYSE:ORCL) Position Decreased by Peoples Bank OH

Peoples Bank OH decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,217 shares of the enterprise software provider’s stock after selling 150 shares during the period. Oracle comprises approximately 0.9% of Peoples Bank OH’s portfolio, making the stock its 29th biggest holding. Peoples Bank OH’s holdings in Oracle were worth $1,741,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ORCL. Vanguard Group Inc. boosted its holdings in shares of Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after buying an additional 1,514,569 shares during the period. Capital World Investors boosted its holdings in shares of Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after buying an additional 82,551 shares during the period. Legal & General Group Plc boosted its holdings in shares of Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after buying an additional 296,866 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after purchasing an additional 424,500 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE ORCL traded up $1.52 on Thursday, reaching $174.62. The company’s stock had a trading volume of 1,654,531 shares, compared to its average volume of 8,374,767. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market cap of $483.88 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01. The business has a 50-day moving average price of $158.68 and a 200 day moving average price of $139.61.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the firm posted $0.95 EPS. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on ORCL shares. Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Mizuho raised their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Morgan Stanley raised their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Finally, Guggenheim raised their price target on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Oracle Company 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.