Oracle Co. (NYSE:ORCL) Shares Purchased by FineMark National Bank & Trust

FineMark National Bank & Trust grew its stake in shares of Oracle Co. (NYSE:ORCL) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,147 shares of the enterprise software provider’s stock after acquiring an additional 10,192 shares during the quarter. FineMark National Bank & Trust’s holdings in Oracle were worth $13,405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. Orion Capital Management LLC acquired a new stake in shares of Oracle during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Oracle in the third quarter valued at $27,000. Tidemark LLC acquired a new position in Oracle in the 4th quarter worth $29,000. Finally, Nordwand Advisors LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 1.0 %

Shares of Oracle stock traded down $1.24 during midday trading on Thursday, reaching $123.36. 3,620,608 shares of the company’s stock traded hands, compared to its average volume of 7,982,683. The company has a market cap of $339.05 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.90 and a beta of 1.03. Oracle Co. has a 52 week low of $97.29 and a 52 week high of $132.77. The company’s 50 day simple moving average is $121.40 and its 200 day simple moving average is $114.83. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

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

Oracle Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Oppenheimer began coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. HSBC upped their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, KeyCorp assumed coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Safra Catz sold 790,000 shares of the company’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 sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Insiders sold a total of 880,000 shares of company stock worth $110,488,150 in the last ninety days. 42.80% of the stock is currently owned by insiders.

Oracle Company 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.