Thomasville National Bank Decreases Holdings in Oracle Co. (NYSE:ORCL)

Thomasville National Bank decreased its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,201 shares of the enterprise software provider’s stock after selling 620 shares during the quarter. Thomasville National Bank’s holdings in Oracle were worth $2,161,000 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. Orion Capital Management LLC acquired a new stake in Oracle during the third quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new position in Oracle in the third quarter valued at approximately $27,000. Tidemark LLC purchased a new position in shares of Oracle during the 4th quarter worth $29,000. Nordwand Advisors LLC purchased a new position in Oracle during the fourth quarter worth about $30,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in Oracle in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the transaction, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 880,000 shares of company stock valued at $110,488,150. Company insiders own 42.80% of the company’s stock.

Oracle Stock Down 1.2 %

Shares of NYSE:ORCL traded down $1.69 during midday trading on Thursday, reaching $142.95. The company had a trading volume of 8,934,703 shares, compared to its average volume of 8,552,131. Oracle Co. has a one year low of $99.26 and a one year high of $145.32. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.85. The stock has a market capitalization of $392.90 billion, a P/E ratio of 38.53, a PEG ratio of 2.59 and a beta of 1.01. The stock’s fifty day moving average price is $122.66 and its 200-day moving average price is $116.88.

Oracle (NYSE:ORCLGet Free Report) last released its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the firm posted $1.35 EPS. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.12%. Oracle’s payout ratio is 43.13%.

Analysts Set New Price Targets

Several analysts have recently issued reports on ORCL shares. JMP Securities reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. DA Davidson reissued a “neutral” rating and issued a $105.00 target price on shares of Oracle in a report on Wednesday, June 12th. Mizuho increased their target price on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group upped their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, Bank of America increased their price objective on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $144.79.

Read Our Latest Research Report on ORCL

Oracle Profile

(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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