Amalgamated Bank Sells 6,998 Shares of Oracle Co. (NYSE:ORCL)

Amalgamated Bank reduced its stake in Oracle Co. (NYSE:ORCL) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,935 shares of the enterprise software provider’s stock after selling 6,998 shares during the period. Oracle makes up about 0.5% of Amalgamated Bank’s holdings, making the stock its 27th largest holding. Amalgamated Bank’s holdings in Oracle were worth $56,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in ORCL. United Advisor Group LLC bought a new stake in Oracle during the third quarter valued at $610,000. Central Bank & Trust Co. boosted its stake in Oracle by 1.7% during the third quarter. Central Bank & Trust Co. now owns 11,736 shares of the enterprise software provider’s stock valued at $2,000,000 after buying an additional 200 shares during the period. ASB Consultores LLC boosted its stake in Oracle by 2.1% during the third quarter. ASB Consultores LLC now owns 5,664 shares of the enterprise software provider’s stock valued at $965,000 after buying an additional 117 shares during the period. Stoneridge Investment Partners LLC raised its position in Oracle by 77.7% during the third quarter. Stoneridge Investment Partners LLC now owns 16,371 shares of the enterprise software provider’s stock valued at $2,790,000 after purchasing an additional 7,157 shares in the last quarter. Finally, James J. Burns & Company LLC raised its position in Oracle by 29.7% during the third quarter. James J. Burns & Company LLC now owns 1,848 shares of the enterprise software provider’s stock valued at $316,000 after purchasing an additional 423 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ORCL shares. BMO Capital Markets raised their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. KeyCorp raised their price target on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein raised their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. JMP Securities raised their price target on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Finally, Mizuho raised their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Stock Performance

Oracle stock opened at $169.59 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $469.94 billion, a P/E ratio of 43.71, a PEG ratio of 3.13 and a beta of 1.02. The stock’s 50 day moving average is $164.04 and its 200 day moving average is $142.62. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. On average, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s dividend payout ratio is 41.24%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

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.