Fiduciary Trust Co Increases Stake in Oracle Co. (NYSE:ORCL)

Fiduciary Trust Co lifted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 163,362 shares of the enterprise software provider's stock after acquiring an additional 5,632 shares during the quarter. Fiduciary Trust Co's holdings in Oracle were worth $27,223,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ORCL. Requisite Capital Management LLC raised its position in shares of Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock worth $373,000 after purchasing an additional 60 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after buying an additional 60 shares during the last quarter. McLean Asset Management Corp lifted its stake in shares of Oracle by 1.1% in the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after buying an additional 61 shares in the last quarter. Warther Private Wealth LLC grew its holdings in shares of Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after buying an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC increased its position in shares of Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after acquiring an additional 64 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on ORCL. JMP Securities reiterated a "market outperform" rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Royal Bank of Canada set a $145.00 price target on Oracle and gave the stock a "sector perform" rating in a report on Tuesday, March 11th. Bank of America lowered their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Barclays reduced their target price on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus dropped their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

Oracle Stock Performance

Shares of NYSE ORCL traded down $0.12 during mid-day trading on Friday, hitting $150.18. The company had a trading volume of 4,698,183 shares, compared to its average volume of 9,455,271. The stock's 50-day moving average price is $142.12 and its 200-day moving average price is $162.95. The company has a market capitalization of $420.05 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 3.46 and a beta of 1.27. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the company earned $1.41 earnings per share. The company's quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's payout ratio is 46.95%.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by company insiders.

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.