OLD National Bancorp IN Has $4.39 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

OLD National Bancorp IN decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,762 shares of the enterprise software provider’s stock after selling 664 shares during the quarter. OLD National Bancorp IN’s holdings in Oracle were worth $4,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC bought a new position in Oracle during the second quarter worth $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the second quarter valued at about $35,000. Alaska Permanent Fund Corp acquired a new position in shares of Oracle during the first quarter valued at about $36,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle in the first quarter valued at about $38,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 0.6 %

Shares of ORCL stock opened at $174.69 on Monday. The firm’s fifty day moving average price is $156.29 and its two-hundred day moving average price is $138.67. 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 Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The firm has a market capitalization of $484.08 billion, a P/E ratio of 45.02, a PEG ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for 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 quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. On average, equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio is presently 41.24%.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ORCL shares. Evercore ISI lifted their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Barclays raised their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Morgan Stanley upped their target price on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Finally, Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.67.

Oracle Company 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.