Huntington National Bank Purchases 58,493 Shares of Oracle Co. (NYSE:ORCL)

Huntington National Bank lifted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 11.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 558,070 shares of the enterprise software provider's stock after purchasing an additional 58,493 shares during the period. Huntington National Bank's holdings in Oracle were worth $92,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. State Street Corp lifted its position in shares of Oracle by 2.7% during 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 buying an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after acquiring an additional 619,619 shares during the period. Franklin Resources Inc. increased its holdings in Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after acquiring an additional 1,722,037 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Oracle by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider's stock worth $2,998,798,000 after acquiring an additional 97,635 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

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Insider Transactions 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 shares were 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 owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ORCL. KeyCorp reissued an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Morgan Stanley cut their price target on Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 11th. BMO Capital Markets lowered their price objective on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 11th. Barclays dropped their price objective on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Westpark Capital assumed coverage on Oracle in a research note on Tuesday. They set a "buy" rating and a $195.00 target price on the stock. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

Oracle Trading Up 2.8 %

Shares of NYSE:ORCL traded up $4.02 during trading on Wednesday, reaching $145.96. 11,539,620 shares of the company were exchanged, compared to its average volume of 9,037,719. 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 firm has a market capitalization of $408.24 billion, a PE ratio of 35.69, a P/E/G ratio of 3.46 and a beta of 1.07. The business's fifty day simple moving average is $162.14 and its 200-day simple moving average is $169.85. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31.

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

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.37%. Oracle's dividend payout ratio (DPR) is 46.95%.

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.