Park National Corp OH Cuts Stake in Oracle Co. (NYSE:ORCL)

Park National Corp OH trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 8.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,839 shares of the enterprise software provider’s stock after selling 1,088 shares during the quarter. Park National Corp OH’s holdings in Oracle were worth $1,973,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ORCL. Strategic Financial Concepts LLC bought a new position in Oracle during the 2nd quarter valued at about $132,000. Quest Partners LLC bought a new position in Oracle during the 2nd quarter valued at about $40,000. MGO One Seven LLC lifted its stake in Oracle by 25.4% during the 2nd quarter. MGO One Seven LLC now owns 68,269 shares of the enterprise software provider’s stock valued at $9,640,000 after acquiring an additional 13,808 shares during the period. Angeles Wealth Management LLC lifted its stake in Oracle by 44.2% during the 2nd quarter. Angeles Wealth Management LLC now owns 5,061 shares of the enterprise software provider’s stock valued at $715,000 after acquiring an additional 1,551 shares during the period. Finally, Studio Investment Management LLC lifted its stake in shares of Oracle by 20.1% in the 2nd quarter. Studio Investment Management LLC now owns 6,871 shares of the enterprise software provider’s stock worth $970,000 after purchasing an additional 1,149 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Guggenheim increased their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. DA Davidson increased their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, KeyCorp increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Trading Up 0.7 %

Shares of ORCL opened at $163.13 on Thursday. The company’s fifty day moving average is $178.02 and its 200 day moving average is $160.61. Oracle Co. has a fifty-two week low of $102.72 and a fifty-two week high of $198.31. The stock has a market capitalization of $456.27 billion, a PE ratio of 39.89, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

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.