Mechanics Financial Corp Has $1.93 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Mechanics Financial Corp lowered its stake in Oracle Co. (NYSE:ORCL) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,559 shares of the enterprise software provider’s stock after selling 77 shares during the quarter. Oracle makes up approximately 0.9% of Mechanics Financial Corp’s investment portfolio, making the stock its 24th largest position. Mechanics Financial Corp’s holdings in Oracle were worth $1,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ORCL. R Squared Ltd acquired a new position in shares of Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC increased its holdings in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new stake in Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. lifted its stake in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Oracle in the 4th quarter valued at about $47,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ORCL shares. Guggenheim reiterated a “buy” rating and issued a $220.00 target price on shares of Oracle in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price target on Oracle and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. Evercore ISI reduced their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Barclays dropped their price objective on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.20.

Oracle Price Performance

Shares of NYSE:ORCL opened at $140.75 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $393.67 billion, a PE ratio of 34.41, a PEG ratio of 3.46 and a beta of 1.07. The firm has a 50 day moving average of $163.94 and a 200-day moving average of $170.12. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31.

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

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.42%. Oracle’s payout ratio is presently 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.