Plimoth Trust Co. LLC Has $554,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Plimoth Trust Co. LLC decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,924 shares of the enterprise software provider’s stock after selling 108 shares during the period. Plimoth Trust Co. LLC’s holdings in Oracle were worth $554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Contour Asset Management LLC raised its position in shares of Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after purchasing an additional 643,490 shares during the period. Hancock Whitney Corp lifted its position in Oracle by 12.7% during the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after acquiring an additional 3,291 shares during the last quarter. Heritage Wealth Advisors boosted its holdings in Oracle by 0.6% during the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after acquiring an additional 109 shares during the period. Seven Mile Advisory grew its position in shares of Oracle by 10.6% in the fourth quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock valued at $552,000 after purchasing an additional 502 shares during the last quarter. Finally, Goelzer Investment Management Inc. increased its stake in shares of Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ORCL. Citigroup lowered their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Bank of America boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. BMO Capital Markets increased their price target on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, June 17th. Argus boosted their price objective on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, TD Cowen increased their target price on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the transaction, the director now directly owns 210,712 shares in the company, valued at approximately $30,157,101.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Company insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock traded down $2.07 during trading on Thursday, reaching $138.13. The company’s stock had a trading volume of 5,161,343 shares, compared to its average volume of 6,377,609. The stock has a 50-day moving average price of $138.93 and a two-hundred day moving average price of $126.39. The stock has a market capitalization of $380.67 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. Oracle Co. has a one year low of $99.26 and a one year high of $146.59.

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

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. Oracle’s payout ratio is 43.13%.

About Oracle

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.