Oracle Co. (NYSE:ORCL) Shares Sold by Private Trust Co. NA

Private Trust Co. NA reduced its position in Oracle Co. (NYSE:ORCL) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,631 shares of the enterprise software provider’s stock after selling 1,912 shares during the quarter. Private Trust Co. NA’s holdings in Oracle were worth $4,604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Argyle Capital Management LLC lifted its holdings in Oracle by 0.3% in the 4th quarter. Argyle Capital Management LLC now owns 23,440 shares of the enterprise software provider’s stock worth $3,906,000 after buying an additional 69 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Oracle by 1.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 19,496 shares of the enterprise software provider’s stock valued at $3,249,000 after purchasing an additional 332 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in shares of Oracle by 1.9% in the fourth quarter. Anchor Capital Advisors LLC now owns 6,006 shares of the enterprise software provider’s stock worth $1,001,000 after purchasing an additional 111 shares in the last quarter. Verus Capital Partners LLC raised its holdings in Oracle by 6.4% during the fourth quarter. Verus Capital Partners LLC now owns 18,044 shares of the enterprise software provider’s stock worth $3,007,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Fort Sheridan Advisors LLC boosted its position in shares of Oracle by 0.7% during the 4th quarter. Fort Sheridan Advisors LLC now owns 23,017 shares of the enterprise software provider’s stock valued at $3,836,000 after purchasing an additional 150 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ORCL shares. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. DA Davidson boosted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. KeyCorp raised their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Citigroup raised their price target on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Down 4.5 %

ORCL stock opened at $164.71 on Friday. Oracle Co. has a fifty-two week low of $110.36 and a fifty-two week high of $198.31. The business has a 50-day moving average of $169.00 and a 200-day moving average of $168.13. The stock has a market capitalization of $460.68 billion, a P/E ratio of 40.27, a P/E/G ratio of 3.46 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

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 analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed 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 0.97%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

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.