FineMark National Bank & Trust Has $16.82 Million Position in Oracle Co. (NYSE:ORCL)

FineMark National Bank & Trust reduced its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,932 shares of the enterprise software provider's stock after selling 12,220 shares during the quarter. FineMark National Bank & Trust's holdings in Oracle were worth $16,819,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ORCL. R Squared Ltd acquired a new stake in shares of Oracle during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC grew its holdings 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 valued at $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $34,000. TFC Financial Management Inc. lifted its stake in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the fourth quarter valued at $47,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Trading Down 3.0 %

Shares of ORCL stock traded down $4.32 on Friday, reaching $141.46. 3,293,001 shares of the stock were exchanged, compared to its average volume of 8,520,925. The stock has a 50 day moving average price of $164.35 and a 200 day moving average price of $170.11. The stock has a market cap of $395.67 billion, a PE ratio of 34.53, 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 company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

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Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 earnings per share. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle's payout ratio is presently 46.95%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Cantor Fitzgerald decreased their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Morgan Stanley lowered their price target on Oracle from $175.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a "sector perform" rating in a report on Tuesday, March 11th. Finally, BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $179.20.

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.