Hancock Whitney Corp Has $3.92 Million Holdings in Oracle Co. (NYSE:ORCL)

Hancock Whitney Corp decreased its position in Oracle Co. (NYSE:ORCL) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,742 shares of the enterprise software provider’s stock after selling 459 shares during the quarter. Hancock Whitney Corp’s holdings in Oracle were worth $3,917,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ORCL. Alaethes Wealth LLC raised its holdings in shares of Oracle by 2.6% in the second quarter. Alaethes Wealth LLC now owns 15,247 shares of the enterprise software provider’s stock valued at $2,153,000 after purchasing an additional 385 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in Oracle by 2.7% in the second quarter. Legacy Financial Advisors Inc. now owns 18,953 shares of the enterprise software provider’s stock valued at $2,676,000 after purchasing an additional 501 shares in the last quarter. Arista Wealth Management LLC bought a new position in Oracle in the second quarter valued at $604,000. Huber Capital Management LLC increased its stake in Oracle by 70.9% in the 2nd quarter. Huber Capital Management LLC now owns 33,300 shares of the enterprise software provider’s stock valued at $4,702,000 after buying an additional 13,818 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its position in Oracle by 30.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 15,296 shares of the enterprise software provider’s stock worth $2,160,000 after buying an additional 3,554 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of NYSE ORCL opened at $168.00 on Friday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $465.52 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 3.21 and a beta of 1.01. The stock’s fifty day moving average price is $142.30 and its two-hundred day moving average price is $131.96. Oracle Co. has a one year low of $99.26 and a one year high of $173.99.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 earnings per share. On average, equities analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s payout ratio is 43.13%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ORCL shares. JMP Securities raised Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 target price on the stock in a research report on Tuesday, September 10th. Evercore ISI boosted their price target on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. UBS Group raised their target price on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Mizuho upped their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $166.13.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,610,402 shares of company stock worth $230,556,257. Company insiders own 42.80% of the company’s stock.

Oracle Company 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.