First Interstate Bank Sells 115 Shares of Oracle Co. (NYSE:ORCL)

First Interstate Bank cut its holdings in Oracle Co. (NYSE:ORCL) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,464 shares of the enterprise software provider’s stock after selling 115 shares during the period. First Interstate Bank’s holdings in Oracle were worth $2,124,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in Oracle by 8.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 358,379 shares of the enterprise software provider’s stock worth $45,016,000 after purchasing an additional 26,478 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Oracle by 6.0% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 40,739 shares of the enterprise software provider’s stock worth $5,117,000 after buying an additional 2,317 shares during the period. BW Gestao de Investimentos Ltda. raised its holdings in Oracle by 21.7% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 342,531 shares of the enterprise software provider’s stock valued at $43,025,000 after buying an additional 61,000 shares during the last quarter. Tobam grew its holdings in Oracle by 95.2% in the 1st quarter. Tobam now owns 52,431 shares of the enterprise software provider’s stock worth $6,586,000 after acquiring an additional 25,570 shares during the last quarter. Finally, BNP Paribas purchased a new position in shares of Oracle in the first quarter valued at about $893,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of several recent analyst reports. Evercore ISI raised their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Citigroup boosted their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Finally, UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL traded up $2.18 during midday trading on Friday, hitting $170.02. 5,680,595 shares of the stock traded hands, compared to its average volume of 8,302,456. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The firm has a market capitalization of $471.14 billion, a P/E ratio of 43.82, a PEG ratio of 3.22 and a beta of 1.01. The firm has a 50-day moving average of $163.43 and a two-hundred day moving average of $141.93.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period last year, the firm posted $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s payout ratio is presently 41.24%.

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.