Peoples Bank OH Reduces Stake in Oracle Co. (NYSE:ORCL)

Peoples Bank OH lessened its position in shares of Oracle Co. (NYSE:ORCL) by 5.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,629 shares of the enterprise software provider’s stock after selling 588 shares during the quarter. Oracle accounts for about 0.9% of Peoples Bank OH’s holdings, making the stock its 27th biggest position. Peoples Bank OH’s holdings in Oracle were worth $1,605,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ORCL. Wealth Group Ltd. purchased a new position in Oracle during the 3rd quarter worth approximately $222,000. Howard Capital Management Group LLC grew its stake in Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after buying an additional 883 shares during the last quarter. Stanley Laman Group Ltd. grew its stake in shares of Oracle by 43.5% in the 3rd quarter. Stanley Laman Group Ltd. now owns 2,582 shares of the enterprise software provider’s stock valued at $440,000 after purchasing an additional 783 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Oracle by 1.1% in the 3rd quarter. Private Advisor Group LLC now owns 117,127 shares of the enterprise software provider’s stock valued at $19,958,000 after purchasing an additional 1,330 shares during the last quarter. Finally, Wallington Asset Management LLC purchased a new position in shares of Oracle in the 3rd quarter valued at approximately $222,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Piper Sandler lifted their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Guggenheim lifted their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Evercore ISI lifted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Performance

Shares of ORCL stock opened at $176.01 on Friday. The stock has a fifty day moving average price of $169.10 and a 200 day moving average price of $166.74. The stock has a market cap of $492.30 billion, a PE ratio of 43.04, a P/E/G ratio of 3.57 and a beta of 1.05. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. 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 issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

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.