Rockland Trust Co. Increases Position in Oracle Co. (NYSE:ORCL)

Rockland Trust Co. lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,165 shares of the enterprise software provider’s stock after acquiring an additional 467 shares during the quarter. Rockland Trust Co.’s holdings in Oracle were worth $1,421,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA boosted its stake in Oracle by 6.9% in the first quarter. Union Bancaire Privee UBP SA now owns 341,128 shares of the enterprise software provider’s stock valued at $46,380,000 after acquiring an additional 21,928 shares during the period. Spectrum Asset Management Inc. NB CA boosted its stake in Oracle by 0.3% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 28,358 shares of the enterprise software provider’s stock valued at $3,965,000 after acquiring an additional 88 shares during the period. Ferguson Wellman Capital Management Inc. boosted its stake in Oracle by 50.8% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 9,355 shares of the enterprise software provider’s stock valued at $1,308,000 after acquiring an additional 3,153 shares during the period. Defined Financial Planning LLC boosted its stake in Oracle by 12.2% in the first quarter. Defined Financial Planning LLC now owns 1,784 shares of the enterprise software provider’s stock valued at $253,000 after acquiring an additional 194 shares during the period. Finally, Kelly Financial Services LLC boosted its stake in Oracle by 4.4% in the first quarter. Kelly Financial Services LLC now owns 2,688 shares of the enterprise software provider’s stock valued at $376,000 after acquiring an additional 114 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

NYSE ORCL opened at $199.67 on Friday. The stock has a market capitalization of $558.47 billion, a P/E ratio of 48.82, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a 1 year low of $118.86 and a 1 year high of $202.49. The business’s fifty day moving average is $151.06 and its two-hundred day moving average is $160.44. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the business earned $1.63 EPS. The company’s revenue was up 11.3% on a year-over-year basis. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 in the last three months. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Mizuho decreased their target price on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Westpark Capital boosted their price objective on Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on Oracle from $150.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday. Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Evercore ISI boosted their price objective on Oracle from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.30.

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.