Amalgamated Bank Has $48.14 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Amalgamated Bank raised its holdings in Oracle Co. (NYSE:ORCL) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340,933 shares of the enterprise software provider’s stock after buying an additional 8,136 shares during the quarter. Amalgamated Bank’s holdings in Oracle were worth $48,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westend Capital Management LLC bought a new position in Oracle during the first quarter worth about $25,000. Fairway Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $27,000. Tidemark LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $29,000. Frank Rimerman Advisors LLC acquired a new stake in Oracle in the 4th quarter valued at $30,000. Finally, POM Investment Strategies LLC bought a new stake in Oracle in the second quarter valued at $30,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Down 1.7 %

NYSE ORCL opened at $167.47 on Wednesday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $173.99. The stock has a 50-day simple moving average of $140.89 and a 200 day simple moving average of $130.95. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $464.05 billion, a PE ratio of 45.14, a P/E/G ratio of 2.95 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. Research analysts forecast that Oracle Co. will post 5.06 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is presently 43.13%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Argus lifted their price target on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, Mizuho increased their price target on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $163.88.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,868,820 shares of company stock worth $267,819,424. Corporate insiders own 42.80% of the company’s stock.

Oracle 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.