Community Bank N.A. Has $643,000 Stake in Oracle Co. (NYSE:ORCL)

Community Bank N.A. reduced its stake in Oracle Co. (NYSE:ORCL) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,631 shares of the enterprise software provider’s stock after selling 294 shares during the period. Community Bank N.A.’s holdings in Oracle were worth $643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in ORCL. State of Michigan Retirement System grew its position in Oracle by 16.1% during the 2nd quarter. State of Michigan Retirement System now owns 1,273,328 shares of the enterprise software provider’s stock worth $70,377,000 after acquiring an additional 176,668 shares during the last quarter. Duality Advisers LP acquired a new stake in shares of Oracle during the second quarter valued at about $438,000. Everett Harris & Co. CA grew its holdings in shares of Oracle by 12.1% during the second quarter. Everett Harris & Co. CA now owns 5,545 shares of the enterprise software provider’s stock worth $306,000 after purchasing an additional 600 shares during the last quarter. Perigon Wealth Management LLC increased its stake in shares of Oracle by 30.4% in the second quarter. Perigon Wealth Management LLC now owns 6,623 shares of the enterprise software provider’s stock valued at $366,000 after buying an additional 1,544 shares during the period. Finally, Eukles Asset Management increased its stake in shares of Oracle by 15.4% in the second quarter. Eukles Asset Management now owns 29,873 shares of the enterprise software provider’s stock valued at $1,651,000 after buying an additional 3,997 shares during the period. 48.10% of the stock is currently owned by institutional investors.

ORCL traded up $0.20 during trading on Friday, hitting $55.45. 9,352,834 shares of the company’s stock were exchanged, compared to its average volume of 11,576,664. Oracle Co. has a fifty-two week low of $39.71 and a fifty-two week high of $57.88. The stock has a market cap of $170.16 billion, a P/E ratio of 17.89, a PEG ratio of 1.40 and a beta of 0.87. The business’s 50 day moving average is $55.15 and its two-hundred day moving average is $52.88. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 5.44.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 16th. The enterprise software provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.08 by $0.12. The company had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.72 billion. Oracle had a net margin of 25.94% and a return on equity of 72.76%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. On average, sell-side analysts forecast that Oracle Co. will post 3.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 28th. Investors of record on Wednesday, July 15th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.73%. Oracle’s payout ratio is 27.75%.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, April 21st. ValuEngine upgraded Oracle from a “sell” rating to a “hold” rating in a report on Wednesday, June 24th. Wells Fargo & Co lifted their target price on Oracle from $55.00 to $62.50 and gave the stock an “overweight” rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. increased their price target on Oracle from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Sanford C. Bernstein restated a “buy” rating and set a $59.00 price objective on shares of Oracle in a research report on Monday, June 8th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Oracle currently has a consensus rating of “Hold” and a consensus target price of $55.34.

In other Oracle news, CEO Safra Catz sold 1,000,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $51.73, for a total value of $51,730,000.00. Following the completion of the sale, the chief executive officer now owns 2,368,592 shares in the company, valued at approximately $122,527,264.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Edward Screven sold 700,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $54.14, for a total value of $37,898,000.00. Following the completion of the transaction, the insider now owns 3,001,419 shares in the company, valued at approximately $162,496,824.66. The disclosure for this sale can be found here. Insiders have sold 7,300,000 shares of company stock valued at $396,376,000 in the last quarter. 36.60% of the stock is currently owned by corporate insiders.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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