Farmers & Merchants Trust Co of Chambersburg PA Trims Holdings in Oracle Corporation (ORCL)
Farmers & Merchants Trust Co of Chambersburg PA decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,210 shares of the enterprise software provider’s stock after selling 525 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Oracle Corporation were worth $1,364,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Boston Partners raised its position in shares of Oracle Corporation by 20.1% during the 1st quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after acquiring an additional 3,054,765 shares during the last quarter. Lockheed Martin Investment Management Co. raised its position in shares of Oracle Corporation by 21.4% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock valued at $3,286,000 after acquiring an additional 13,000 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Oracle Corporation during the 1st quarter valued at $1,522,000. Private Advisor Group LLC raised its position in shares of Oracle Corporation by 11.8% during the 1st quarter. Private Advisor Group LLC now owns 100,194 shares of the enterprise software provider’s stock valued at $4,459,000 after acquiring an additional 10,588 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. raised its position in shares of Oracle Corporation by 3.2% during the 1st quarter. Pinnacle Financial Partners Inc. now owns 104,379 shares of the enterprise software provider’s stock valued at $4,656,000 after acquiring an additional 3,246 shares during the last quarter. 58.66% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Corporation (NYSE ORCL) traded down 0.20% during mid-day trading on Thursday, reaching $48.80. 5,778,524 shares of the company were exchanged. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The stock has a market capitalization of $203.64 billion, a price-to-earnings ratio of 21.23 and a beta of 1.05. The stock has a 50 day moving average of $49.53 and a 200-day moving average of $47.48.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is presently 33.19%.
Several brokerages have commented on ORCL. Jefferies Group LLC upped their target price on shares of Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Credit Suisse Group began coverage on shares of Oracle Corporation in a research report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 target price for the company. KeyCorp reiterated a “buy” rating and set a $61.00 target price on shares of Oracle Corporation in a research report on Tuesday, July 18th. BidaskClub upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group reiterated a “buy” rating and set a $63.00 target price on shares of Oracle Corporation in a research report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $53.37.
In other news, EVP Dorian Daley sold 25,776 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the transaction, the executive vice president now directly owns 30,977 shares in the company, valued at $1,488,444.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $50.30, for a total transaction of $188,625.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $911,687.50. The disclosure for this sale can be found here. Insiders sold 979,073 shares of company stock worth $48,914,665 in the last 90 days. 29.00% of the stock is currently owned by company insiders.
About Oracle Corporation
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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