Oracle Co. (NYSE:ORCL) Shares Sold by 1ST Source Bank

1ST Source Bank trimmed its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,127 shares of the enterprise software provider’s stock after selling 339 shares during the period. 1ST Source Bank’s holdings in Oracle were worth $5,309,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ORCL. Fairfield Bush & CO. lifted its stake in Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after acquiring an additional 2,221 shares in the last quarter. AMI Investment Management Inc. raised its stake in shares of Oracle by 2.9% during the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after purchasing an additional 579 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Oracle by 29.2% during the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after purchasing an additional 132,920 shares in the last quarter. Zions Bancorporation N.A. raised its stake in shares of Oracle by 79.6% during the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after purchasing an additional 3,038 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after purchasing an additional 1,109 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $0.25 during trading on Monday, hitting $116.39. 2,624,426 shares of the stock were exchanged, compared to its average volume of 7,539,630. Oracle Co. has a 1-year low of $82.04 and a 1-year high of $127.54. The company has a market capitalization of $319.95 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The company’s fifty day simple moving average is $108.94 and its 200-day simple moving average is $111.41. The company has a debt-to-equity ratio of 18.84, a quick ratio of 0.79 and a current ratio of 0.79.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings data on Monday, December 11th. The enterprise software provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.01. Oracle had a return on equity of 703.26% and a net margin of 19.64%. The company had revenue of $12.94 billion for the quarter, compared to analyst estimates of $13.05 billion. During the same quarter last year, the firm earned $1.21 EPS. Oracle’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 4.45 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 11th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. Oracle’s dividend payout ratio (DPR) is presently 44.20%.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 16,300 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the completion of the transaction, the director now owns 34,771 shares in the company, valued at approximately $3,686,421.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on ORCL. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Evercore ISI cut their price target on Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, December 12th. Edward Jones raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Morgan Stanley lowered their price objective on Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. Finally, Wolfe Research lowered their price objective on Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, December 12th. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.00.

Read Our Latest Stock Report on ORCL

About Oracle

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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