Tompkins Financial Corp Lowers Holdings in Oracle Co. (NYSE:ORCL)

Tompkins Financial Corp decreased its position in Oracle Co. (NYSE:ORCL) by 6.9% during the first quarter, HoldingsChannel.com reports. The firm owned 9,439 shares of the enterprise software provider’s stock after selling 697 shares during the quarter. Tompkins Financial Corp’s holdings in Oracle were worth $1,320,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital & Planning LLC raised its holdings in Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after acquiring an additional 81 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Oracle in the 4th quarter worth $51,084,000. Revolve Wealth Partners LLC raised its stake in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Oracle during the fourth quarter valued at $25,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. KeyCorp reiterated an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Piper Sandler reissued a “neutral” rating and set a $130.00 price objective (down from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Mizuho lowered their price objective on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, Guggenheim restated a “buy” rating and issued a $220.00 target price on shares of Oracle in a report on Thursday, April 3rd. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.42.

Oracle Trading Down 0.6%

Oracle stock opened at $162.92 on Friday. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The firm’s 50 day moving average price is $144.32 and its 200-day moving average price is $161.43. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $455.67 billion, a P/E ratio of 39.83, a PEG ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now owns 31,764 shares of the company’s stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,366 shares of company stock worth $4,015,723. Corporate 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.