HM Payson & Co. Reduces Holdings in Oracle Co. (NYSE:ORCL)

HM Payson & Co. lowered its position in Oracle Co. (NYSE:ORCL) by 0.1% during the third quarter, HoldingsChannel reports. The firm owned 258,923 shares of the enterprise software provider’s stock after selling 373 shares during the period. HM Payson & Co.’s holdings in Oracle were worth $44,120,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. grew its stake in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Goelzer Investment Management Inc. increased its holdings in shares of Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after purchasing an additional 1,500 shares during the last quarter. Buckley Wealth Management LLC lifted its position in Oracle by 63.8% during the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after buying an additional 2,870 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Oracle by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after acquiring an additional 7,982 shares during the period. Finally, Wesbanco Bank Inc. increased its holdings in shares of Oracle by 7.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after buying an additional 8,790 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several research analyst reports. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Royal Bank of Canada assumed coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price on the stock. Bank of America increased their price target on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Oracle Stock Down 2.3 %

Shares of NYSE:ORCL traded down $4.07 during midday trading on Thursday, reaching $170.49. The company had a trading volume of 1,160,785 shares, compared to its average volume of 8,275,573. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $472.44 billion, a P/E ratio of 45.01, a PEG ratio of 3.20 and a beta of 1.01. The stock’s fifty day moving average price is $162.22 and its 200-day moving average price is $141.39.

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

Oracle Announces Dividend

The firm 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 0.94%. Oracle’s payout ratio is 41.24%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

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.