First Hawaiian Bank Sells 9,006 Shares of Oracle Co. (NYSE:ORCL)

First Hawaiian Bank lowered its stake in Oracle Co. (NYSE:ORCL - Free Report) by 20.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 34,411 shares of the enterprise software provider's stock after selling 9,006 shares during the quarter. First Hawaiian Bank's holdings in Oracle were worth $4,811,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ORCL. Capital & Planning LLC raised its position in 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 during the last quarter. Brighton Jones LLC increased its stake in shares of 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 during the period. Union Bancaire Privee UBP SA purchased a new stake in Oracle during the 4th quarter valued at about $51,084,000. Revolve Wealth Partners LLC grew its position in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its stake in Oracle by 2.0% during the 4th quarter. Perigon Wealth Management LLC now owns 28,583 shares of the enterprise software provider's stock valued at $4,560,000 after purchasing an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by company insiders.

Oracle Stock Performance

Shares of Oracle stock traded up $2.13 on Friday, hitting $165.03. 17,537,919 shares of the company's stock were exchanged, compared to its average volume of 9,527,386. Oracle Co. has a 1 year low of $117.34 and a 1 year high of $198.31. The company has a 50-day simple moving average of $144.55 and a 200-day simple moving average of $160.88. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $461.58 billion, a PE ratio of 40.35, a PEG ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the business posted $1.41 earnings per share. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.21%. Oracle's payout ratio is 46.95%.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. Westpark Capital initiated coverage on shares of Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 target price on the stock. DA Davidson lowered their price objective on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Stephens started coverage on Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price on the stock. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Finally, Barclays lowered their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $174.42.

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.