Wesbanco Bank Inc. Has $21.49 Million Stock Position in Oracle Co. (NYSE:ORCL)

Wesbanco Bank Inc. raised its position in shares of Oracle Co. (NYSE:ORCL) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,123 shares of the enterprise software provider’s stock after purchasing an additional 8,790 shares during the period. Wesbanco Bank Inc.’s holdings in Oracle were worth $21,491,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORCL. Grove Bank & Trust increased its holdings in shares of Oracle by 232.7% during the third quarter. Grove Bank & Trust now owns 20,991 shares of the enterprise software provider’s stock worth $3,577,000 after buying an additional 14,682 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of Oracle during the third quarter worth $2,691,000. Granite Harbor Advisors Inc. increased its holdings in shares of Oracle by 18.4% during the third quarter. Granite Harbor Advisors Inc. now owns 1,709 shares of the enterprise software provider’s stock worth $291,000 after buying an additional 265 shares in the last quarter. Stablepoint Partners LLC increased its holdings in shares of Oracle by 1.0% during the third quarter. Stablepoint Partners LLC now owns 13,427 shares of the enterprise software provider’s stock worth $2,288,000 after buying an additional 138 shares in the last quarter. Finally, Sapient Capital LLC increased its holdings in shares of Oracle by 43.1% during the third quarter. Sapient Capital LLC now owns 18,394 shares of the enterprise software provider’s stock worth $3,134,000 after buying an additional 5,542 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research analyst reports. Bank of America upped their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Mizuho upped their price target on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. UBS Group upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets upped their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $167.42.

Oracle Stock Performance

NYSE ORCL opened at $176.27 on Tuesday. The company’s 50 day simple moving average is $152.60 and its two-hundred day simple moving average is $137.28. The stock has a market capitalization of $485.78 billion, a PE ratio of 47.51, a P/E/G ratio of 3.29 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. Analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. Oracle’s dividend payout ratio is currently 43.13%.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 42.80% of the company’s stock.

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.