First Hawaiian Bank Buys 2,167 Shares of Oracle Co. (NYSE:ORCL)

First Hawaiian Bank increased its stake in Oracle Co. (NYSE:ORCL) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,417 shares of the enterprise software provider’s stock after purchasing an additional 2,167 shares during the period. First Hawaiian Bank’s holdings in Oracle were worth $7,235,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $27,000. Quest Partners LLC acquired a new position in shares of Oracle during the second quarter worth $40,000. Reston Wealth Management LLC bought a new position in shares of Oracle in the 3rd quarter valued at $44,000. Avondale Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter valued at $51,000. Finally, Friedenthal Financial bought a new stake in Oracle during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 0.7 %

NYSE:ORCL traded up $1.10 during trading hours on Wednesday, reaching $163.13. The company’s stock had a trading volume of 7,573,401 shares, compared to its average volume of 6,674,429. The firm has a 50-day simple moving average of $178.25 and a 200-day simple moving average of $160.59. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a 1 year low of $102.72 and a 1 year high of $198.31. The firm has a market capitalization of $456.27 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced 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). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 EPS. Research analysts expect that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ORCL. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Citigroup raised their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research report on Friday, December 20th. Finally, Morgan Stanley upped their target price on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

About 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.