Park National Corp OH Has $2.40 Million Stock Holdings in Oracle Corporation $ORCL

Park National Corp OH decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,966 shares of the enterprise software provider’s stock after selling 294 shares during the quarter. Park National Corp OH’s holdings in Oracle were worth $2,397,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ORCL. Brighton Jones LLC lifted its holdings in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after buying an additional 404 shares during the period. Shell Asset Management Co. increased its position in Oracle by 205.3% during the 4th quarter. Shell Asset Management Co. now owns 22,259 shares of the enterprise software provider’s stock worth $3,709,000 after buying an additional 14,968 shares during the period. Sender Co & Partners Inc. bought a new position in Oracle during the 4th quarter worth $1,417,000. Finally, Toronto Dominion Bank increased its position in Oracle by 15.2% during the 4th quarter. Toronto Dominion Bank now owns 679,325 shares of the enterprise software provider’s stock worth $113,199,000 after buying an additional 89,723 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, Director Rona Alison Fairhead bought 480 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the transaction, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares in the company, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,183 shares of company stock valued at $10,353,198. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 5.1%

Shares of NYSE ORCL opened at $292.07 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The stock has a market capitalization of $820.38 billion, a P/E ratio of 67.61, a PEG ratio of 4.10 and a beta of 1.46. The stock’s fifty day moving average is $244.69 and its 200 day moving average is $190.50.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s payout ratio is currently 46.30%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group increased their price objective on Oracle from $270.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp increased their price objective on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, June 12th. Cantor Fitzgerald increased their price objective on Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday. Guggenheim increased their price objective on Oracle from $250.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Cowen raised their price target on Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $296.84.

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.