Plimoth Trust Co. LLC Lowers Position in Oracle Co. (NYSE:ORCL)

Plimoth Trust Co. LLC lessened its position in Oracle Co. (NYSE:ORCL) by 15.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,299 shares of the enterprise software provider’s stock after selling 625 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Oracle were worth $562,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC purchased a new position in Oracle during the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle in the second quarter valued at $35,000. Alaska Permanent Fund Corp purchased a new position in shares of Oracle in the 1st quarter valued at approximately $36,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ORCL. Evercore ISI raised their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Citigroup upped their price target on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. UBS Group restated a “market outperform” rating on shares of Oracle in a research report on Friday. Finally, Morgan Stanley increased their price target on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating 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 company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $168.67.

Oracle Stock Performance

NYSE:ORCL traded down $0.93 during mid-day trading on Monday, hitting $173.76. The stock had a trading volume of 4,139,083 shares, compared to its average volume of 8,439,153. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $481.50 billion, a price-to-earnings ratio of 44.80, a P/E/G ratio of 3.25 and a beta of 1.01. The company has a 50 day simple moving average of $156.29 and a 200-day simple moving average of $138.67.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. On average, research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

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.