Horizon Bancorp Inc. IN Sells 444 Shares of Oracle Co. (NYSE:ORCL)

Horizon Bancorp Inc. IN decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,079 shares of the enterprise software provider’s stock after selling 444 shares during the quarter. Oracle comprises approximately 0.4% of Horizon Bancorp Inc. IN’s holdings, making the stock its 21st largest position. Horizon Bancorp Inc. IN’s holdings in Oracle were worth $865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. raised its position in shares of Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after buying an additional 3,300 shares during the last quarter. Goelzer Investment Management Inc. raised its holdings in Oracle by 25.0% in the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after acquiring an additional 1,500 shares in the last quarter. Buckley Wealth Management LLC lifted its position in shares of Oracle by 63.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after acquiring an additional 2,870 shares during the period. GAMMA Investing LLC grew its holdings in shares of Oracle by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after purchasing an additional 7,982 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its position in shares of Oracle by 7.5% during the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after purchasing an additional 8,790 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is owned by insiders.

Oracle Trading Down 0.5 %

NYSE:ORCL traded down $0.86 on Friday, hitting $173.52. 3,674,717 shares of the stock were exchanged, compared to its average volume of 8,360,906. The stock has a market capitalization of $478.20 billion, a price-to-earnings ratio of 46.77, a P/E/G ratio of 3.23 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The company’s 50-day moving average price is $160.15 and its 200 day moving average price is $140.20.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 EPS. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio is 43.13%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. Morgan Stanley raised their target price on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. TD Cowen lifted their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, Evercore ISI upped their price objective on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $168.52.

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.