Oracle Co. (ORCL) Shares Sold by First Hawaiian Bank
First Hawaiian Bank lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 19.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,197 shares of the enterprise software provider’s stock after selling 18,448 shares during the period. First Hawaiian Bank’s holdings in Oracle were worth $4,039,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Csenge Advisory Group acquired a new stake in Oracle in the 3rd quarter valued at about $25,000. Massey Quick Simon & CO. LLC increased its holdings in shares of Oracle by 220.9% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after buying an additional 413 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Oracle during the 4th quarter worth approximately $35,000. Truehand Inc acquired a new stake in shares of Oracle during the 4th quarter worth approximately $36,000. Finally, ERTS Wealth Advisors LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $36,000. Institutional investors own 47.39% of the company’s stock.
A number of brokerages have recently issued reports on ORCL. DZ Bank restated a “sell” rating on shares of Oracle in a report on Tuesday, March 19th. Nomura restated a “reduce” rating and set a $42.00 price target (down previously from $53.00) on shares of Oracle in a report on Monday, March 11th. Royal Bank of Canada raised their price target on shares of Oracle to $57.00 and gave the stock a “sector perform” rating in a report on Friday, March 15th. Raymond James raised their price target on shares of Oracle from $54.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, UBS Group raised their price target on shares of Oracle to $54.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $52.53.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS. As a group, equities analysts forecast that Oracle Co. will post 3.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. This is a boost from Oracle’s previous quarterly dividend of $0.19. Oracle’s dividend payout ratio (DPR) is presently 34.04%.
In other Oracle news, CEO Mark V. Hurd sold 1,200,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total value of $64,596,000.00. Following the completion of the transaction, the chief executive officer now owns 1,664,227 shares in the company, valued at $89,585,339.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $54.03, for a total transaction of $21,612,000.00. Following the completion of the transaction, the insider now owns 400,000 shares of the company’s stock, valued at approximately $21,612,000. The disclosure for this sale can be found here. Insiders have sold a total of 1,773,750 shares of company stock valued at $95,395,063 in the last ninety days. 32.00% of the stock is currently owned by corporate insiders.
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Oracle Company 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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