First Hawaiian Bank grew its stake in Oracle Corporation (NYSE:ORCL) by 16.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,450 shares of the enterprise software provider’s stock after buying an additional 1,060 shares during the quarter. First Hawaiian Bank’s holdings in Oracle were worth $360,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Keel Point LLC lifted its position in shares of Oracle by 0.3% in the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after purchasing an additional 14 shares in the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of Oracle by 0.3% in the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after purchasing an additional 24 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Oracle by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after purchasing an additional 35 shares in the last quarter. Partnervest Advisory Services LLC lifted its position in shares of Oracle by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after purchasing an additional 39 shares in the last quarter. Finally, Bell Bank lifted its position in shares of Oracle by 0.9% in the first quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock worth $271,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 57.40% of the company’s stock.

Oracle Corporation (NYSE:ORCL) opened at $47.82 on Wednesday. Oracle Corporation has a fifty-two week low of $38.30 and a fifty-two week high of $53.14. The company has a market cap of $197,583.20, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The firm had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. equities research analysts predict that Oracle Corporation will post 2.67 EPS for the current year.

Oracle declared that its board has approved a stock buyback plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.59%. Oracle’s dividend payout ratio is currently 32.62%.

In related news, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $1,238,536.80. Following the completion of the transaction, the executive vice president now owns 30,977 shares in the company, valued at $1,488,444.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 305,776 shares of company stock worth $14,814,687. Corporate insiders own 29.00% of the company’s stock.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday. Moffett Nathanson assumed coverage on shares of Oracle in a research report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective on the stock. Vetr raised shares of Oracle from a “strong sell” rating to a “sell” rating and set a $46.58 price objective on the stock in a research report on Monday, September 18th. BidaskClub lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, J P Morgan Chase & Co set a $55.00 price target on shares of Oracle and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $55.26.

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Oracle Company Profile

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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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