First Hawaiian Bank Has $7.04 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

First Hawaiian Bank raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,840 shares of the enterprise software provider’s stock after purchasing an additional 3,154 shares during the quarter. First Hawaiian Bank’s holdings in Oracle were worth $7,037,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC increased its position in shares of Oracle by 18.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after purchasing an additional 81 shares during the last quarter. Invst LLC grew its position in Oracle by 2.7% during the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after acquiring an additional 86 shares during the last quarter. Nemes Rush Group LLC grew its position in Oracle by 1.2% during the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after acquiring an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC grew its position in Oracle by 1.1% during the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after acquiring an additional 90 shares during the last quarter. Finally, Sovereign Financial Group Inc. grew its position in Oracle by 2.9% during the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 3.1 %

ORCL stock traded down $4.23 on Friday, reaching $133.28. 8,251,585 shares of the company traded hands, compared to its average volume of 7,048,810. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The company has a market cap of $367.30 billion, a P/E ratio of 35.92, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. The firm has a fifty day simple moving average of $136.33 and a 200-day simple moving average of $124.51.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $1.35 EPS. Research analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is 43.13%.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,907,500 shares of company stock valued at $272,074,924. Corporate insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of several recent research reports. KeyCorp raised their price target on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. raised their price target on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Argus raised their price target on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Piper Sandler reiterated an “overweight” rating and issued a $150.00 price objective on shares of Oracle in a report on Friday, July 12th. Finally, TD Cowen increased their price objective on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

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.