Peoples Bank KS Lowers Stock Position in Oracle Co. (NYSE:ORCL)

Peoples Bank KS trimmed its position in Oracle Co. (NYSE:ORCL) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,710 shares of the enterprise software provider’s stock after selling 340 shares during the quarter. Peoples Bank KS’s holdings in Oracle were worth $1,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westend Capital Management LLC bought a new position in shares of Oracle in the first quarter worth about $25,000. Tidemark LLC bought a new position in Oracle in the 4th quarter worth approximately $29,000. Frank Rimerman Advisors LLC purchased a new stake in Oracle during the 4th quarter valued at approximately $30,000. Alaska Permanent Fund Corp bought a new stake in shares of Oracle during the first quarter valued at approximately $36,000. Finally, Nordwand Advisors LLC purchased a new position in shares of Oracle in the fourth quarter worth $30,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.4 %

Shares of Oracle stock traded up $0.52 on Monday, reaching $132.58. The stock had a trading volume of 5,561,811 shares, compared to its average volume of 8,388,151. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59. The company has a 50 day moving average price of $137.35 and a 200 day moving average price of $125.26. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The stock has a market capitalization of $365.37 billion, a P/E ratio of 35.74, a P/E/G ratio of 2.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the company earned $1.35 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.21%. Oracle’s payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORCL. DA Davidson reiterated a “neutral” rating and issued a $105.00 target price on shares of Oracle in a research report on Wednesday, June 12th. Stifel Nicolaus upped their price objective on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. BMO Capital Markets boosted their price target on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research report on Monday, June 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Insider Transactions at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last three months. 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.