STAR Financial Bank Sells 300 Shares of Oracle Co. (NYSE:ORCL)

STAR Financial Bank lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 17.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,460 shares of the enterprise software provider’s stock after selling 300 shares during the period. STAR Financial Bank’s holdings in Oracle were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vident Advisory LLC grew its holdings in Oracle by 5.8% in the first quarter. Vident Advisory LLC now owns 32,284 shares of the enterprise software provider’s stock worth $4,055,000 after purchasing an additional 1,758 shares during the period. CreativeOne Wealth LLC lifted its holdings in shares of Oracle by 48.0% in the 1st quarter. CreativeOne Wealth LLC now owns 9,419 shares of the enterprise software provider’s stock worth $1,183,000 after purchasing an additional 3,056 shares in the last quarter. EP Wealth Advisors LLC increased its stake in Oracle by 2.5% during the 1st quarter. EP Wealth Advisors LLC now owns 51,493 shares of the enterprise software provider’s stock valued at $6,468,000 after purchasing an additional 1,269 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in Oracle by 6.7% during the first quarter. Axxcess Wealth Management LLC now owns 26,458 shares of the enterprise software provider’s stock worth $3,323,000 after buying an additional 1,667 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Oracle by 4.4% in the first quarter. Advisors Asset Management Inc. now owns 67,192 shares of the enterprise software provider’s stock valued at $8,440,000 after buying an additional 2,845 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’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 completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 42.20% of the stock is owned by insiders.

Oracle Price Performance

ORCL stock opened at $190.76 on Thursday. The firm has a 50 day simple moving average of $174.39 and a two-hundred day simple moving average of $148.37. 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 cap of $528.61 billion, a PE ratio of 49.17, a P/E/G ratio of 3.48 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $191.77.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. 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 previous year, the business earned $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. Oracle’s payout ratio is 41.24%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Morgan Stanley lifted their price target on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Evercore ISI increased their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Guggenheim increased their price objective on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $169.52.

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.