CHICAGO TRUST Co NA Lowers Position in Oracle Co. (NYSE:ORCL)

CHICAGO TRUST Co NA cut its stake in Oracle Co. (NYSE:ORCL) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,482 shares of the enterprise software provider’s stock after selling 2,670 shares during the period. Oracle accounts for approximately 1.0% of CHICAGO TRUST Co NA’s portfolio, making the stock its 19th largest position. CHICAGO TRUST Co NA’s holdings in Oracle were worth $5,746,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ORCL. Fairway Wealth LLC bought a new position in shares of Oracle during the second quarter valued at approximately $27,000. Reston Wealth Management LLC bought a new position in shares of Oracle during the third quarter valued at approximately $44,000. Quest Partners LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $40,000. Avondale Wealth Management bought a new stake in shares of Oracle during the third quarter valued at approximately $51,000. Finally, Friedenthal Financial bought a new stake in shares of Oracle during the third quarter valued at approximately $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of NYSE ORCL traded down $1.44 during mid-day trading on Monday, hitting $153.06. 3,030,666 shares of the company’s stock traded hands, compared to its average volume of 7,104,329. The company’s 50-day moving average is $177.62 and its two-hundred day moving average is $161.04. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The company has a market capitalization of $428.10 billion, a P/E ratio of 37.42, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a 1 year low of $105.42 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company earned $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.05%. Oracle’s dividend payout ratio is presently 39.12%.

Analysts Set New Price Targets

ORCL has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Friday, December 20th. Guggenheim raised their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley raised their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Finally, Sanford C. Bernstein raised their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. One investment 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.48.

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.