MidWestOne Financial Group Inc. Has $1.11 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

MidWestOne Financial Group Inc. decreased its position in shares of Oracle Co. (NYSE:ORCL) by 40.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,093 shares of the enterprise software provider’s stock after selling 13,834 shares during the period. MidWestOne Financial Group Inc.’s holdings in Oracle were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Vanguard Group Inc. boosted its position in shares of Oracle by 9.1% during the 2nd quarter. Vanguard Group Inc. now owns 189,431,168 shares of the enterprise software provider’s stock worth $10,469,860,000 after acquiring an additional 15,843,802 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Oracle by 109.0% during the 2nd quarter. Nordea Investment Management AB now owns 29,962,944 shares of the enterprise software provider’s stock worth $1,650,358,000 after acquiring an additional 15,627,102 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Oracle by 39.8% during the 1st quarter. California Public Employees Retirement System now owns 10,076,245 shares of the enterprise software provider’s stock worth $486,985,000 after acquiring an additional 2,868,396 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $128,125,000. Finally, LSV Asset Management boosted its position in shares of Oracle by 17.2% during the 2nd quarter. LSV Asset Management now owns 11,498,824 shares of the enterprise software provider’s stock worth $635,539,000 after acquiring an additional 1,687,199 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

A number of brokerages have weighed in on ORCL. Citigroup raised their target price on shares of Oracle from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, June 17th. Piper Sandler raised their target price on shares of Oracle from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday. BMO Capital Markets raised their target price on shares of Oracle from $57.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday. They noted that the move was a valuation call. ValuEngine upgraded shares of Oracle from a “sell” rating to a “hold” rating in a research report on Wednesday, June 24th. Finally, Wedbush restated a “neutral” rating and issued a $52.00 target price (up previously from $48.00) on shares of Oracle in a research report on Thursday, June 11th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating and nine have given a buy rating to the stock. Oracle presently has a consensus rating of “Hold” and a consensus target price of $58.86.

In other news, Chairman Lawrence Joseph Ellison sold 1,400,000 shares of Oracle stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $54.11, for a total transaction of $75,754,000.00. Following the completion of the transaction, the chairman now directly owns 1,140,132,353 shares in the company, valued at $61,692,561,620.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Screven sold 700,000 shares of Oracle stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $54.14, for a total transaction of $37,898,000.00. Following the transaction, the insider now owns 3,001,419 shares of the company’s stock, valued at $162,496,824.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,300,000 shares of company stock valued at $344,646,000. Insiders own 36.60% of the company’s stock.

ORCL traded down $0.33 during midday trading on Friday, hitting $57.00. The company had a trading volume of 40,200,668 shares, compared to its average volume of 13,319,236. Oracle Co. has a 52 week low of $39.71 and a 52 week high of $61.86. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 5.44. The company has a market capitalization of $174.76 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.45 and a beta of 0.83. The stock’s 50 day moving average price is $55.77 and its 200 day moving average price is $53.15.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 10th. The enterprise software provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. Oracle had a net margin of 25.94% and a return on equity of 72.76%. During the same period in the prior year, the company earned $0.81 earnings per share. Research analysts predict that Oracle Co. will post 3.58 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.68%. Oracle’s dividend payout ratio (DPR) is currently 27.75%.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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