Wesbanco Bank Inc. Sells 8,271 Shares of Oracle Co. (NYSE:ORCL)

Wesbanco Bank Inc. trimmed its holdings in Oracle Co. (NYSE:ORCL) by 6.6% in the 4th quarter, HoldingsChannel reports. The firm owned 117,852 shares of the enterprise software provider’s stock after selling 8,271 shares during the quarter. Wesbanco Bank Inc.’s holdings in Oracle were worth $19,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. State Street Corp boosted 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 acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC lifted its position in Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after buying an additional 885,041 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Oracle by 2,899.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock worth $155,694,000 after buying an additional 883,233 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

ORCL opened at $184.18 on Thursday. The business’s 50-day moving average is $174.54 and its two-hundred day moving average is $161.90. Oracle Co. has a 1 year low of $106.51 and a 1 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. The firm has a market capitalization of $515.14 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. Research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. Piper Sandler raised their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. KeyCorp raised their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Jefferies Financial Group raised their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Evercore ISI raised their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Citigroup increased their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

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.