Field & Main Bank Grows Holdings in Oracle Co. (NYSE:ORCL)

Field & Main Bank increased its position in shares of Oracle Co. (NYSE:ORCL) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,830 shares of the enterprise software provider’s stock after purchasing an additional 150 shares during the quarter. Oracle makes up about 1.1% of Field & Main Bank’s holdings, making the stock its 24th biggest position. Field & Main Bank’s holdings in Oracle were worth $3,209,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ORCL. Fairway Wealth LLC bought a new stake in Oracle in the second quarter worth about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle in the first quarter valued at approximately $38,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle in the second quarter valued at approximately $40,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL opened at $189.25 on Friday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $190.16. The company has a market cap of $524.42 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 3.34 and a beta of 1.02. The company’s 50 day moving average is $167.47 and its 200 day moving average is $144.10. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Guggenheim upped their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. BMO Capital Markets boosted their price target on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. JMP Securities boosted their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Finally, Sanford C. Bernstein upped their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on 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 directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is currently 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.