FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $6.34 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH trimmed its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,325 shares of the enterprise software provider's stock after selling 1,931 shares during the period. Oracle comprises approximately 1.6% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH's portfolio, making the stock its 13th biggest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in Oracle were worth $6,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ORCL. Capital & Planning LLC raised its holdings in shares of Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after purchasing an additional 81 shares in the last quarter. Brighton Jones LLC raised its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Oracle during the fourth quarter valued at about $51,084,000. Revolve Wealth Partners LLC lifted its position in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the last quarter. Finally, WealthPLAN Partners LLC boosted its stake in shares of Oracle by 22.0% during the 4th quarter. WealthPLAN Partners LLC now owns 3,843 shares of the enterprise software provider's stock worth $640,000 after acquiring an additional 693 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Up 7.8%

NYSE ORCL opened at $215.54 on Monday. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $216.98. The company has a market capitalization of $602.86 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. The stock's 50 day moving average is $152.88 and its two-hundred day moving average is $160.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter last year, the company earned $1.63 EPS. Oracle's revenue was up 11.3% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 in the last quarter. 42.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORCL. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Wall Street Zen downgraded shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Stephens assumed coverage on shares of Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price on the stock. Finally, UBS Group boosted their target price on shares of Oracle from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $194.32.

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.

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