FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 2,563 Shares of Oracle Co. (NYSE:ORCL)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its holdings in Oracle Co. (NYSE:ORCL) by 5.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 47,256 shares of the enterprise software provider’s stock after selling 2,563 shares during the period. Oracle makes up about 2.0% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s portfolio, making the stock its 12th biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Oracle were worth $7,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Oracle by 71.5% during the second quarter. Brighton Jones LLC now owns 266,931 shares of the enterprise software provider’s stock worth $37,691,000 after buying an additional 111,324 shares during the last quarter. Ieq Capital LLC increased its holdings in Oracle by 11.2% in the 2nd quarter. Ieq Capital LLC now owns 140,559 shares of the enterprise software provider’s stock worth $19,847,000 after purchasing an additional 14,105 shares in the last quarter. Trust Investment Advisors bought a new position in Oracle in the 2nd quarter valued at approximately $212,000. Canada Pension Plan Investment Board lifted its holdings in shares of Oracle by 20.7% during the second quarter. Canada Pension Plan Investment Board now owns 1,450,762 shares of the enterprise software provider’s stock worth $204,848,000 after purchasing an additional 248,664 shares during the period. Finally, Callan Capital LLC increased its holdings in Oracle by 1.2% in the second quarter. Callan Capital LLC now owns 21,280 shares of the enterprise software provider’s stock valued at $3,005,000 after purchasing an additional 253 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Oracle stock opened at $161.05 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The firm has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. The business has a fifty day moving average price of $176.00 and a 200-day moving average price of $161.21.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Evercore ISI boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Citigroup upped their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $182.73.

About Oracle

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.