Amalgamated Bank Sells 657 Shares of Oracle Co. (NYSE:ORCL)

Amalgamated Bank trimmed its position in Oracle Co. (NYSE:ORCL) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 333,278 shares of the enterprise software provider’s stock after selling 657 shares during the period. Oracle accounts for approximately 0.5% of Amalgamated Bank’s investment portfolio, making the stock its 26th biggest position. Amalgamated Bank’s holdings in Oracle were worth $55,537,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State Street Corp increased its holdings in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC raised its position in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares during the last quarter. Franklin Resources Inc. raised its position in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC raised its position in Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after purchasing an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after purchasing an additional 54,868 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $170.00 on Tuesday. Oracle Co. has a 52-week low of $109.79 and a 52-week high of $198.31. The business has a 50-day simple moving average of $168.97 and a two-hundred day simple moving average of $167.87. The company has a market capitalization of $475.48 billion, a P/E ratio of 41.56, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the firm earned $1.34 EPS. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s payout ratio is presently 39.12%.

Analyst Ratings Changes

Several research analysts recently issued reports on ORCL shares. Citigroup raised their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Piper Sandler lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Evercore ISI lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle 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.