Commerce Bank Has $54.82 Million Holdings in Oracle Co. (NYSE:ORCL)

Commerce Bank lessened its position in shares of Oracle Co. (NYSE:ORCL) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 519,988 shares of the enterprise software provider’s stock after selling 1,453 shares during the quarter. Commerce Bank’s holdings in Oracle were worth $54,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ORCL. Norges Bank acquired a new stake in Oracle in the 4th quarter valued at $1,210,181,000. Wellington Management Group LLP boosted its stake in Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after buying an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. boosted its stake in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares in the last quarter. Boston Partners boosted its stake in Oracle by 382.4% in the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after buying an additional 3,617,413 shares in the last quarter. Finally, DNB Asset Management AS boosted its stake in Oracle by 313.4% in the 4th quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after buying an additional 1,339,311 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

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

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent analyst reports. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Oppenheimer started coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. The Goldman Sachs Group lifted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Trading Down 1.0 %

NYSE:ORCL traded down $1.24 on Thursday, reaching $123.36. The company’s stock had a trading volume of 3,620,608 shares, compared to its average volume of 7,982,683. Oracle Co. has a 1-year low of $97.29 and a 1-year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $339.05 billion, a PE ratio of 32.88, a PEG ratio of 2.90 and a beta of 1.03. The business’s 50-day moving average price is $121.40 and its two-hundred day moving average price is $114.83.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. Oracle’s payout ratio is 42.22%.

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.