Peoples Bank OH Cuts Stock Holdings in Oracle Corporation (NYSE:ORCL)

Peoples Bank OH cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,260 shares of the enterprise software provider's stock after selling 1,369 shares during the quarter. Oracle accounts for about 0.8% of Peoples Bank OH's portfolio, making the stock its 28th biggest position. Peoples Bank OH's holdings in Oracle were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ORCL. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the fourth quarter worth about $30,000. Hurley Capital LLC purchased a new position in shares of Oracle during the 4th quarter valued at $33,000. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle in the 1st quarter valued at about $28,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle in the fourth quarter worth approximately $36,000. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

ORCL has been the topic of several research analyst reports. Oppenheimer restated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. JPMorgan Chase & Co. raised their price target on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Piper Sandler upgraded Oracle from a "neutral" rating to an "overweight" rating and raised their price target for the company from $190.00 to $270.00 in a research report on Thursday. Finally, DA Davidson increased their price objective on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $209.33.

Insider Activity

In related 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 transaction, the director owned 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is owned by company insiders.

Oracle Trading Down 1.8%

Shares of NYSE:ORCL traded down $4.27 during trading on Friday, hitting $230.73. The company had a trading volume of 6,988,473 shares, compared to its average volume of 10,227,519. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a fifty day simple moving average of $185.56 and a two-hundred day simple moving average of $166.09. The stock has a market cap of $648.09 billion, a price-to-earnings ratio of 53.13, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $241.44.

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

Oracle Announces Dividend

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 $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Oracle's payout ratio is 46.08%.

Oracle Company 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.