OLD National Bancorp IN Increases Stock Position in Oracle Co. (NYSE:ORCL)

OLD National Bancorp IN raised its holdings in Oracle Co. (NYSE:ORCL) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,030 shares of the enterprise software provider’s stock after purchasing an additional 3,315 shares during the quarter. OLD National Bancorp IN’s holdings in Oracle were worth $2,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in Oracle in the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth $27,000. Cornerstone Planning Group LLC increased its holdings in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in shares of Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. BMO Capital Markets upped their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. The Goldman Sachs Group upped their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Oppenheimer began coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Finally, William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Trading Down 0.3 %

Oracle stock opened at $114.53 on Tuesday. The company has a 50 day moving average price of $119.21 and a 200 day moving average price of $113.00. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $314.79 billion, a price-to-earnings ratio of 30.22, a P/E/G ratio of 2.30 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter last year, the business posted $0.96 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 42.80% of the company’s stock.

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.