FineMark National Bank & Trust Has $16.82 Million Stake in Oracle Co. (NYSE:ORCL)

FineMark National Bank & Trust lessened its position in Oracle Co. (NYSE:ORCL) by 10.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 100,932 shares of the enterprise software provider’s stock after selling 12,220 shares during the quarter. FineMark National Bank & Trust’s holdings in Oracle were worth $16,819,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ORCL. Vanguard Group Inc. grew its position in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after buying an additional 2,296,069 shares during the last quarter. State Street Corp boosted its holdings in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC increased its position in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. raised its holdings in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Oracle by 0.5% in the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock valued at $2,998,798,000 after purchasing an additional 97,635 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 1.8 %

NYSE ORCL opened at $154.98 on Tuesday. The business’s fifty day moving average is $164.89 and its 200-day moving average is $170.36. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $433.46 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a one year low of $112.78 and a one year high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.29%. Oracle’s payout ratio is presently 46.95%.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Bank of America decreased their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, UBS Group reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $179.20.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is owned by corporate 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.