Amalgamated Bank Sells 16,752 Shares of Oracle Co. (NYSE:ORCL)

Amalgamated Bank decreased its holdings in Oracle Co. (NYSE:ORCL) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 384,326 shares of the enterprise software provider’s stock after selling 16,752 shares during the period. Amalgamated Bank’s holdings in Oracle were worth $40,519,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after purchasing an additional 7,883,515 shares in the last quarter. Northern Trust Corp boosted its stake in Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after purchasing an additional 635,994 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Oracle by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock worth $1,211,307,000 after purchasing an additional 61,604 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Oracle by 1.1% during the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after purchasing an additional 89,876 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is owned by corporate insiders.

Oracle Trading Up 0.3 %

Shares of NYSE ORCL traded up $0.33 during trading on Thursday, hitting $114.96. 4,947,589 shares of the company were exchanged, compared to its average volume of 8,337,379. The company has a fifty day moving average price of $119.75 and a 200-day moving average price of $113.26. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $315.97 billion, a PE ratio of 30.24, a P/E/G ratio of 2.28 and a beta of 1.03. Oracle Co. has a 12-month low of $94.41 and a 12-month high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.39%. Oracle’s payout ratio is 42.22%.

Analyst Ratings Changes

A number of analysts have recently issued reports on ORCL shares. HSBC raised their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Oppenheimer started coverage on Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. KeyCorp started coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

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.