Bank of Hawaii Buys New Stake in Oracle Co. (NYSE:ORCL)

Bank of Hawaii purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,175 shares of the enterprise software provider’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Oracle during the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Oracle during the first quarter worth approximately $38,000. Finally, Quest Partners LLC acquired a new position in Oracle in the second quarter worth approximately $40,000. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE ORCL opened at $188.09 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 stock has a market capitalization of $521.21 billion, a PE ratio of 48.48, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04. The company has a 50 day moving average price of $175.98 and a two-hundred day moving average price of $150.14.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Guggenheim raised their price objective on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Jefferies Financial Group increased their price target on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Stifel Nicolaus boosted their price objective on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Bank of America upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $169.52.

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.