Oracle Co. (NYSE:ORCL) Shares Bought by First Hawaiian Bank

First Hawaiian Bank boosted its position in shares of Oracle Co. (NYSE:ORCL) by 6.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 49,840 shares of the enterprise software provider’s stock after acquiring an additional 3,154 shares during the quarter. First Hawaiian Bank’s holdings in Oracle were worth $7,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Oracle by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after buying an additional 7,982 shares during the last quarter. ShankerValleau Wealth Advisors Inc. raised its stake in shares of Oracle by 80.7% during the 2nd quarter. ShankerValleau Wealth Advisors Inc. now owns 221,799 shares of the enterprise software provider’s stock valued at $31,318,000 after buying an additional 99,043 shares during the last quarter. Transcend Capital Advisors LLC increased its stake in shares of Oracle by 3.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 37,079 shares of the enterprise software provider’s stock valued at $5,236,000 after purchasing an additional 1,116 shares in the last quarter. Kathmere Capital Management LLC increased its stake in shares of Oracle by 3.3% in the 2nd quarter. Kathmere Capital Management LLC now owns 11,261 shares of the enterprise software provider’s stock valued at $1,590,000 after purchasing an additional 355 shares in the last quarter. Finally, Cullen Investment Group LTD. purchased a new position in shares of Oracle in the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft lifted their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Bank of America lifted their price target on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Finally, Evercore ISI lifted their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Buying and Selling

In related news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the sale, the director now owns 87,473 shares in the company, valued at $10,299,071.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Oracle news, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,907,500 shares of company stock worth $272,074,924. 42.80% of the stock is owned by insiders.

Oracle Price Performance

Shares of ORCL traded down $4.23 during mid-day trading on Friday, reaching $133.28. 8,251,585 shares of the company’s stock were exchanged, compared to its average volume of 7,048,810. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The company has a 50-day simple moving average of $136.33 and a two-hundred day simple moving average of $124.51. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The company has a market cap of $367.30 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 2.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the business posted $1.35 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts predict that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

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.