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

Mechanics Financial Corp lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,636 shares of the enterprise software provider’s stock after buying an additional 140 shares during the period. Oracle comprises approximately 0.9% of Mechanics Financial Corp’s investment portfolio, making the stock its 23rd biggest position. Mechanics Financial Corp’s holdings in Oracle were worth $1,983,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ORCL. Fairway Wealth LLC bought a new stake in Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the second quarter worth $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle in the first quarter valued at $38,000. Finally, Quest Partners LLC bought a new position in Oracle during the 2nd quarter worth $40,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of ORCL stock opened at $183.74 on Friday. The business’s fifty day moving average is $172.14 and its 200 day moving average is $146.83. 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 $509.15 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 3.39 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $191.77.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s dividend payout ratio is currently 41.24%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. JMP Securities increased their price target on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. TD Cowen increased their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Guggenheim boosted their price target on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, DA Davidson lifted their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is currently owned by company insiders.

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.