First Interstate Bank trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,509 shares of the enterprise software provider’s stock after selling 2,059 shares during the period. First Interstate Bank’s holdings in Oracle were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Glenview Trust Co lifted its stake in Oracle by 2.1% in the 4th quarter. Glenview Trust Co now owns 132,622 shares of the enterprise software provider’s stock valued at $7,027,000 after purchasing an additional 2,732 shares during the last quarter. GAM Holding AG lifted its holdings in Oracle by 156.3% during the 4th quarter. GAM Holding AG now owns 181,896 shares of the enterprise software provider’s stock worth $9,636,000 after purchasing an additional 110,914 shares during the last quarter. Oxbow Advisors LLC boosted its stake in Oracle by 1.3% in the 4th quarter. Oxbow Advisors LLC now owns 50,255 shares of the enterprise software provider’s stock valued at $2,663,000 after purchasing an additional 640 shares during the period. Sei Investments Co. boosted its stake in Oracle by 6.7% in the 4th quarter. Sei Investments Co. now owns 1,633,691 shares of the enterprise software provider’s stock valued at $86,565,000 after purchasing an additional 102,472 shares during the period. Finally, Motco grew its holdings in Oracle by 4.5% in the 4th quarter. Motco now owns 119,992 shares of the enterprise software provider’s stock valued at $6,358,000 after buying an additional 5,208 shares in the last quarter. Institutional investors and hedge funds own 52.20% of the company’s stock.
Shares of ORCL traded up $0.25 during trading hours on Friday, hitting $55.56. 1,271,865 shares of the stock were exchanged, compared to its average volume of 9,240,628. Oracle Co. has a fifty-two week low of $49.89 and a fifty-two week high of $60.50. The company has a debt-to-equity ratio of 3.13, a current ratio of 2.37 and a quick ratio of 2.37. The business has a 50-day moving average of $54.11 and a 200-day moving average of $54.50. The firm has a market capitalization of $176.39 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, January 8th. This represents a $0.96 dividend on an annualized basis and a yield of 1.73%. Oracle’s payout ratio is currently 30.38%.
In other Oracle news, EVP Dorian Daley sold 50,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $55.01, for a total value of $2,750,500.00. Following the transaction, the executive vice president now owns 50,000 shares in the company, valued at $2,750,500. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce R. Chizen sold 225,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $54.64, for a total value of $12,294,000.00. Following the completion of the sale, the director now directly owns 135,813 shares of the company’s stock, valued at approximately $7,420,822.32. The disclosure for this sale can be found here. Company insiders own 36.60% of the company’s stock.
ORCL has been the topic of several recent research reports. Wedbush increased their price objective on Oracle from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Royal Bank of Canada reissued a “neutral” rating and issued a $57.00 target price on shares of Oracle in a research report on Thursday, December 12th. Goldman Sachs Group restated a “buy” rating and issued a $62.00 price target on shares of Oracle in a research note on Monday, December 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $56.00 price target on shares of Oracle in a research report on Friday, December 13th. Finally, Credit Suisse Group set a $62.00 price target on shares of Oracle and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $57.67.
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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