First Hawaiian Bank Acquires 2,167 Shares of Oracle Co. (NYSE:ORCL)

First Hawaiian Bank grew its stake in shares of Oracle Co. (NYSE:ORCL) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,417 shares of the enterprise software provider’s stock after acquiring an additional 2,167 shares during the quarter. First Hawaiian Bank’s holdings in Oracle were worth $7,235,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Oracle during the second quarter valued at approximately $27,000. Quest Partners LLC purchased a new position in shares of Oracle during the 2nd quarter valued at about $40,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle in the third quarter worth $44,000. Avondale Wealth Management bought a new stake in Oracle during the third quarter valued at about $51,000. Finally, Friedenthal Financial bought a new position in shares of Oracle in the third quarter worth about $51,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Oracle stock traded up $1.10 during mid-day trading on Wednesday, reaching $163.13. 7,573,401 shares of the company traded hands, compared to its average volume of 6,674,429. The company has a market capitalization of $456.27 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a fifty-two week low of $102.72 and a fifty-two week high of $198.31. The firm’s fifty day moving average is $178.25 and its two-hundred day moving average is $160.59.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. On average, equities research analysts expect that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ORCL. TD Cowen lifted their price objective 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. Citigroup boosted their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Stifel Nicolaus upped their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

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.