Commerce Bank Trims Stock Position in Oracle Co. (NYSE:ORCL)

Commerce Bank trimmed its stake in Oracle Co. (NYSE:ORCL) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,108 shares of the enterprise software provider’s stock after selling 10,661 shares during the period. Commerce Bank’s holdings in Oracle were worth $68,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sachetta LLC boosted its stake in Oracle by 94.2% in the third quarter. Sachetta LLC now owns 6,919 shares of the enterprise software provider’s stock valued at $1,179,000 after acquiring an additional 3,357 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Oracle during the 3rd quarter worth approximately $70,000. Thompson Davis & CO. Inc. increased its position in Oracle by 62.5% during the third quarter. Thompson Davis & CO. Inc. now owns 3,494 shares of the enterprise software provider’s stock worth $595,000 after buying an additional 1,344 shares during the period. West Family Investments Inc. lifted its stake in Oracle by 27.5% in the third quarter. West Family Investments Inc. now owns 5,678 shares of the enterprise software provider’s stock valued at $968,000 after buying an additional 1,224 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Oracle in the third quarter valued at approximately $26,188,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Piper Sandler increased their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Mizuho boosted their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. DA Davidson lifted their target price on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group increased their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Oracle Trading Up 1.7 %

Shares of ORCL opened at $188.90 on Wednesday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $173.72 and a 200-day simple moving average of $148.08. The stock has a market cap of $523.45 billion, a price-to-earnings ratio of 48.69, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02.

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

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. Oracle’s dividend payout ratio is currently 41.24%.

Oracle 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.