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

Amalgamated Bank increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 340,933 shares of the enterprise software provider’s stock after acquiring an additional 8,136 shares during the period. Amalgamated Bank’s holdings in Oracle were worth $48,140,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Brio Consultants LLC increased its position in shares of Oracle by 4.1% during the 4th quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after purchasing an additional 117 shares during the last quarter. Precision Wealth Strategies LLC increased its holdings in Oracle by 4.1% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock worth $417,000 after buying an additional 155 shares during the last quarter. Gilbert & Cook Inc. bought a new stake in Oracle during the fourth quarter worth $359,000. Aveo Capital Partners LLC acquired a new stake in Oracle in the fourth quarter valued at $290,000. Finally, 9258 Wealth Management LLC grew its position in shares of Oracle by 0.6% in the 4th quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock valued at $9,519,000 after acquiring an additional 560 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders have sold 1,868,820 shares of company stock worth $267,819,424 in the last 90 days. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $167.47 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap 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 Co. has a 12-month low of $99.26 and a 12-month high of $173.99. The business’s 50-day moving average price is $140.89 and its two-hundred day moving average price is $130.95.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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 company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS. As a group, analysts expect that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Guggenheim raised their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Mizuho lifted their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Stifel Nicolaus boosted their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday. Finally, DA Davidson upped their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.88.

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.