Mechanics Financial Corp Purchases 140 Shares of Oracle Co. (NYSE:ORCL)

Mechanics Financial Corp boosted its position in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,636 shares of the enterprise software provider’s stock after acquiring an additional 140 shares during the quarter. Oracle accounts for 0.9% of Mechanics Financial Corp’s portfolio, making the stock its 23rd biggest holding. Mechanics Financial Corp’s holdings in Oracle were worth $1,983,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of Oracle during the 2nd quarter valued at about $27,000. POM Investment Strategies LLC purchased a new stake in Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the second quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Oracle during the 1st quarter worth $38,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $40,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 1.8 %

Shares of NYSE ORCL opened at $183.74 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $191.77. The firm’s 50-day moving average price is $172.14 and its 200-day moving average price is $146.83. The stock has a market capitalization of $509.15 billion, a price-to-earnings ratio of 47.36, a P/E/G ratio of 3.39 and a beta of 1.02.

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

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ORCL shares. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Jefferies Financial Group lifted their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

About Oracle

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.