M&T Bank Corp decreased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 938,185 shares of the enterprise software provider's stock after selling 15,981 shares during the period. M&T Bank Corp's holdings in Oracle were worth $159,866,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of ORCL. Fairway Wealth LLC bought a new position in Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the second quarter worth approximately $30,000. Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $40,000. Reston Wealth Management LLC bought a new stake in shares of Oracle in the third quarter valued at approximately $44,000. Finally, Avondale Wealth Management acquired a new stake in Oracle during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 42.44% of the company's stock.
Shares of NYSE:ORCL opened at $169.66 on Friday. The firm has a market cap of $474.53 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.39 and a beta of 1.03. Oracle Co. has a 12-month low of $101.74 and a 12-month high of $198.31. The business has a fifty day simple moving average of $179.83 and a 200 day simple moving average of $157.40. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.
Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business earned $1.34 earnings per share. Oracle's revenue was up 8.6% compared to the same quarter last year. Analysts predict that Oracle Co. will post 5.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be issued a $0.40 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle's payout ratio is 39.12%.
A number of research firms have recently weighed in on ORCL. Bank of America upped their target price on Oracle from $155.00 to $175.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. JMP Securities reaffirmed a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research report on Tuesday, December 10th. Barclays raised their target price on shares of Oracle from $160.00 to $172.00 and gave the company an "overweight" rating in a report on Tuesday, September 10th. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Evercore ISI increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.48.
Get Our Latest Analysis on 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.
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