Keybank National Association OH Has $184.27 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Keybank National Association OH cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,318,031 shares of the enterprise software provider's stock after selling 25,705 shares during the quarter. Oracle accounts for 0.7% of Keybank National Association OH's portfolio, making the stock its 26th largest position. Keybank National Association OH's holdings in Oracle were worth $184,274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new stake in Oracle in the fourth quarter valued at $30,000. Hurley Capital LLC acquired a new stake in Oracle in the fourth quarter valued at $33,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the first quarter valued at $28,000. Synergy Investment Management LLC acquired a new stake in Oracle in the fourth quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the fourth quarter valued at $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares in the company, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 440,366 shares of company stock worth $83,103,603. Company insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ORCL. KeyCorp upped their price target on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Barclays reissued an "overweight" rating and set a $221.00 target price (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Guggenheim increased their target price on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Cowen restated a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Westpark Capital boosted their price objective on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $204.15.

Oracle Price Performance

Oracle stock traded up $7.41 during trading hours on Thursday, hitting $237.39. 18,441,376 shares of the company traded hands, compared to its average volume of 10,140,491. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $237.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm's 50-day simple moving average is $176.16 and its two-hundred day simple moving average is $163.79. The firm has a market cap of $666.79 billion, a P/E ratio of 54.70, a P/E/G ratio of 3.44 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the firm posted $1.63 EPS. The business's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. Oracle's dividend payout ratio (DPR) is 46.08%.

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.