Mechanics Bank Trust Department trimmed its holdings in Oracle Co. (NYSE:ORCL) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,964 shares of the enterprise software provider’s stock after selling 546 shares during the quarter. Oracle accounts for about 1.3% of Mechanics Bank Trust Department’s portfolio, making the stock its 21st biggest holding. Mechanics Bank Trust Department’s holdings in Oracle were worth $5,235,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Godshalk Welsh Capital Management Inc. raised its holdings in Oracle by 6.1% during the 3rd quarter. Godshalk Welsh Capital Management Inc. now owns 31,400 shares of the enterprise software provider’s stock worth $1,619,000 after buying an additional 1,800 shares during the period. Wealthquest Corp acquired a new position in shares of Oracle in the 4th quarter valued at about $202,000. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Oracle by 27.3% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 108,209 shares of the enterprise software provider’s stock valued at $4,886,000 after purchasing an additional 23,235 shares during the period. Afam Capital Inc. increased its holdings in shares of Oracle by 1.8% in the 3rd quarter. Afam Capital Inc. now owns 155,585 shares of the enterprise software provider’s stock valued at $8,022,000 after purchasing an additional 2,725 shares during the period. Finally, Trexquant Investment LP increased its holdings in shares of Oracle by 1,874.8% in the 3rd quarter. Trexquant Investment LP now owns 100,219 shares of the enterprise software provider’s stock valued at $5,167,000 after purchasing an additional 95,144 shares during the period. 50.84% of the stock is owned by institutional investors.
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In other Oracle news, EVP Dorian Daley sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $45.00, for a total transaction of $1,125,000.00. Following the completion of the sale, the executive vice president now owns 102,919 shares of the company’s stock, valued at $4,631,355. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $50.01, for a total value of $187,537.50. Following the completion of the sale, the director now directly owns 27,969 shares of the company’s stock, valued at $1,398,729.69. The disclosure for this sale can be found here. Insiders have sold 42,552 shares of company stock valued at $1,939,861 in the last ninety days. Company insiders own 32.00% of the company’s stock.
Shares of Oracle stock opened at $51.03 on Friday. The company has a market cap of $207.89 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.67 and a beta of 1.09. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.80 and a quick ratio of 2.80. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $53.48.
Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 17th. The enterprise software provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. The firm had revenue of $9.57 billion during the quarter, compared to analysts’ expectations of $9.52 billion. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 earnings per share. As a group, equities analysts predict that Oracle Co. will post 3.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 30th. Shareholders of record on Wednesday, January 16th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, January 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.49%. Oracle’s payout ratio is currently 26.95%.
A number of equities analysts have recently weighed in on ORCL shares. Royal Bank of Canada upped their target price on Oracle to $55.00 in a report on Tuesday, December 18th. Goldman Sachs Group reissued a “buy” rating and issued a $55.00 price target on shares of Oracle in a research note on Monday, December 17th. Nomura set a $53.00 price target on Oracle and gave the company a “buy” rating in a research note on Wednesday, December 12th. Credit Suisse Group reissued a “buy” rating and issued a $60.00 price target on shares of Oracle in a research note on Wednesday, October 24th. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $57.00 price target on shares of Oracle in a research note on Tuesday, December 18th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $52.56.
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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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