FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $7.88 Million Stake in Oracle Co. (NYSE:ORCL)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,256 shares of the enterprise software provider's stock after selling 2,563 shares during the quarter. Oracle comprises approximately 2.0% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH's investment portfolio, making the stock its 12th biggest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in Oracle were worth $7,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp raised its position in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Geode Capital Management LLC raised its holdings in Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock worth $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. boosted its position in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock valued at $3,049,824,000 after buying an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Oracle by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock valued at $2,489,345,000 after buying an additional 54,868 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Sanford C. Bernstein increased their price target on Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. Morgan Stanley increased their target price on Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 10th. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Monness Crespi & Hardt cut shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 price objective on the stock. in a research report on Friday, December 20th. Finally, Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle Stock Performance

ORCL stock traded up $1.51 during midday trading on Friday, reaching $161.05. 11,593,649 shares of the company were exchanged, compared to its average volume of 5,912,798. The firm has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The business has a 50-day moving average price of $176.00 and a two-hundred day moving average price of $161.21. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 EPS. Equities research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle's payout ratio is currently 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.