Oracle Co. (NYSE:ORCL) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp lowered its position in Oracle Co. (NYSE:ORCL) by 8.8% in the third quarter, HoldingsChannel reports. The fund owned 10,145 shares of the enterprise software provider’s stock after selling 985 shares during the quarter. Tompkins Financial Corp’s holdings in Oracle were worth $1,729,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Lindbrook Capital LLC increased its stake in shares of Oracle by 4.4% in the 3rd quarter. Lindbrook Capital LLC now owns 18,182 shares of the enterprise software provider’s stock valued at $3,098,000 after purchasing an additional 767 shares in the last quarter. Wealth Quarterback LLC purchased a new stake in shares of Oracle in the third quarter valued at approximately $232,000. Assetmark Inc. raised its stake in shares of Oracle by 7.5% during the 3rd quarter. Assetmark Inc. now owns 10,767 shares of the enterprise software provider’s stock worth $1,835,000 after buying an additional 747 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of Oracle by 12.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 35,071 shares of the enterprise software provider’s stock valued at $5,976,000 after buying an additional 3,938 shares in the last quarter. Finally, Executive Wealth Management LLC grew its stake in Oracle by 4.5% in the 3rd quarter. Executive Wealth Management LLC now owns 2,862 shares of the enterprise software provider’s stock valued at $488,000 after acquiring an additional 124 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 1.5 %

ORCL stock traded up $2.88 during mid-day trading on Friday, hitting $189.25. 8,520,419 shares of the company were exchanged, compared to its average volume of 5,643,102. The business has a fifty day simple moving average of $167.47 and a 200-day simple moving average of $144.10. The firm has a market capitalization of $524.42 billion, a P/E ratio of 48.79, a PEG ratio of 3.34 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $190.16. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. On average, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.85%. Oracle’s payout ratio is 41.24%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ORCL shares. Barclays upped their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. DA Davidson increased their target price on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Finally, Sanford C. Bernstein increased their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is owned by corporate 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.