Oracle Co. (NYSE:ORCL) Shares Sold by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. cut its position in Oracle Co. (NYSE:ORCL) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,467 shares of the enterprise software provider’s stock after selling 885 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Oracle were worth $3,737,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kathmere Capital Management LLC lifted its position in Oracle by 11.4% during the 2nd quarter. Kathmere Capital Management LLC now owns 12,146 shares of the enterprise software provider’s stock worth $1,715,000 after acquiring an additional 1,240 shares during the period. Texas Capital Bank Wealth Management Services Inc lifted its position in Oracle by 2.1% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 67,451 shares of the enterprise software provider’s stock worth $9,524,000 after acquiring an additional 1,359 shares during the period. Oliver Lagore Vanvalin Investment Group lifted its position in Oracle by 10.1% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 9,374 shares of the enterprise software provider’s stock worth $1,324,000 after acquiring an additional 857 shares during the period. Susquehanna International Group Ltd. acquired a new stake in Oracle during the 2nd quarter worth approximately $4,597,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $1,516,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent research reports. Mizuho increased their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. UBS Group raised their price objective on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. Bank of America raised their price target on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $166.13.

Oracle Trading Up 0.3 %

NYSE:ORCL opened at $168.67 on Friday. The business’s 50-day moving average is $144.96 and its two-hundred day moving average is $133.69. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $173.99. The firm has a market capitalization of $464.82 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01.

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 analysts’ consensus estimates 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 analyst estimates of $13.23 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $7,076,685. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold a total of 1,573,181 shares of company stock valued at $225,338,245 over the last three months. 42.80% of the stock is owned by insiders.

About Oracle

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.