Mechanics Bank Trust Department Has $12.52 Million Holdings in Oracle Co. (NYSE:ORCL)

Mechanics Bank Trust Department lowered its position in Oracle Co. (NYSE:ORCL) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 75,131 shares of the enterprise software provider’s stock after selling 975 shares during the period. Oracle comprises 1.7% of Mechanics Bank Trust Department’s portfolio, making the stock its 12th largest holding. Mechanics Bank Trust Department’s holdings in Oracle were worth $12,520,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ORCL. Winch Advisory Services LLC increased its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $44,000. Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter valued at $51,000. Friedenthal Financial acquired a new position in shares of Oracle during the 3rd quarter valued at $51,000. Finally, Activest Wealth Management lifted its position in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 0.9 %

Shares of ORCL stock opened at $161.05 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a 50 day moving average of $175.44 and a 200-day moving average of $161.46. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The firm has a market cap of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ORCL. UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets upped their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley upped their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.