Oracle Co. (NYSE:ORCL) Shares Acquired by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA grew its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,211 shares of the enterprise software provider's stock after buying an additional 2,881 shares during the quarter. First Commonwealth Financial Corp PA's holdings in Oracle were worth $1,868,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Requisite Capital Management LLC increased its position in shares of Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after buying an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. raised its holdings in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after acquiring an additional 60 shares during the last quarter. McLean Asset Management Corp grew its holdings in Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after buying an additional 61 shares in the last quarter. Warther Private Wealth LLC increased its position in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after purchasing an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC raised its stake in Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after purchasing an additional 64 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America decreased their price objective on Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. DA Davidson cut their price objective on Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday. Evercore ISI decreased their target price on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. StockNews.com cut shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.73.

Oracle Price Performance

Shares of NYSE ORCL traded down $1.20 during trading on Friday, hitting $128.56. 8,919,409 shares of the company were exchanged, compared to its average volume of 9,320,254. The firm's fifty day moving average price is $150.85 and its 200 day moving average price is $166.34. 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 company has a market cap of $359.58 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.46 and a beta of 1.22. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31.

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

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the company's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,453,328 shares of company stock worth $454,439,851. 42.20% of the stock is currently owned by company insiders.

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.