Mechanics Financial Corp Has $1.93 Million Holdings in Oracle Co. (NYSE:ORCL)

Mechanics Financial Corp decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,559 shares of the enterprise software provider’s stock after selling 77 shares during the period. Oracle accounts for about 0.9% of Mechanics Financial Corp’s investment portfolio, making the stock its 24th biggest holding. Mechanics Financial Corp’s holdings in Oracle were worth $1,926,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new position in Oracle in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC raised its position in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the period. Synergy Investment Management LLC bought a new position in shares of Oracle in the 4th quarter worth $34,000. TFC Financial Management Inc. grew its position in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in Oracle during the 4th quarter valued at $47,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 3.5 %

Shares of NYSE ORCL opened at $140.75 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $393.67 billion, a PE ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The business’s fifty day moving average price is $163.94 and its 200-day moving average price is $170.12.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 earnings per share. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s payout ratio is currently 46.95%.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Cantor Fitzgerald lowered their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $179.20.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 42.20% of the company’s stock.

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.