1ST Source Bank Has $8.04 Million Position in Oracle Co. (NYSE:ORCL)

1ST Source Bank lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 47,152 shares of the enterprise software provider’s stock after selling 675 shares during the period. 1ST Source Bank’s holdings in Oracle were worth $8,035,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management grew its stake in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the period. Second Line Capital LLC lifted its stake in Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after buying an additional 58 shares in the last quarter. Cadence Bank boosted its holdings in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after buying an additional 59 shares during the period. Eagle Rock Investment Company LLC increased its position in shares of Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares in the last quarter. Finally, W Advisors LLC raised its holdings in shares of Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % 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. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL traded down $2.89 during midday trading on Friday, reaching $172.43. The company’s stock had a trading volume of 2,144,033 shares, compared to its average volume of 8,373,735. The company has a market cap of $482.28 billion, a P/E ratio of 42.86, a P/E/G ratio of 3.32 and a beta of 1.03. Oracle Co. has a fifty-two week low of $99.36 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The business’s 50 day moving average price is $180.36 and its two-hundred day moving average price is $155.36.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned $1.34 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5.17 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be given a $0.40 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. BMO Capital Markets increased their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday. DA Davidson upped their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays lifted their price objective on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, KeyCorp increased their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Twelve research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $183.63.

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.