Huntington National Bank Acquires 104,769 Shares of Oracle Co. (NYSE:ORCL)

Huntington National Bank grew its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 26.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 499,577 shares of the enterprise software provider's stock after buying an additional 104,769 shares during the period. Huntington National Bank's holdings in Oracle were worth $85,128,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider's stock worth $18,993,977,000 after buying an additional 1,514,569 shares during the period. Capital World Investors boosted its position in Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider's stock worth $2,319,604,000 after purchasing an additional 82,551 shares during the period. Legal & General Group Plc increased its holdings in Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider's stock valued at $1,869,816,000 after purchasing an additional 296,866 shares in the last quarter. Janus Henderson Group PLC raised its position in Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider's stock worth $1,033,430,000 after purchasing an additional 424,500 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

ORCL traded down $1.44 during trading on Thursday, reaching $188.19. The stock had a trading volume of 2,743,406 shares, compared to its average volume of 8,229,140. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77. The firm has a market capitalization of $521.49 billion, a price-to-earnings ratio of 48.68, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. The stock has a 50 day moving average of $170.41 and a two-hundred day moving average of $145.85. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. Oracle's dividend payout ratio is currently 41.24%.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ORCL. Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Mizuho boosted their price target on Oracle from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. StockNews.com raised Oracle from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Evercore ISI lifted their price objective on Oracle from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average price target of $168.52.

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.