First National Bank of Mount Dora Trust Investment Services Takes $7.01 Million Position in Oracle Co. (NYSE:ORCL)

First National Bank of Mount Dora Trust Investment Services acquired a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,114 shares of the enterprise software provider's stock, valued at approximately $7,006,000. Oracle accounts for approximately 1.7% of First National Bank of Mount Dora Trust Investment Services' portfolio, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Vanguard Group Inc. boosted its position in Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. FMR LLC boosted its position in shares of Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after purchasing an additional 156,269 shares in the last quarter. Geode Capital Management LLC lifted its position in Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after buying an additional 619,619 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after buying an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after buying an additional 2,176,892 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 over the last ninety days. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE ORCL traded up $0.46 on Tuesday, hitting $177.61. 11,039,682 shares of the company traded hands, compared to its average volume of 9,517,058. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business's 50 day moving average price is $147.83 and its 200-day moving average price is $160.13. The company has a market capitalization of $496.77 billion, a price-to-earnings ratio of 43.43, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $198.31.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Guggenheim reissued a "buy" rating and set a $220.00 price target on shares of Oracle in a research report on Thursday, June 5th. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday. Royal Bank of Canada restated an "outperform" rating on shares of Oracle in a research note on Monday. Westpark Capital initiated coverage on shares of Oracle in a research note on Tuesday, April 1st. They set a "buy" rating and a $195.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $177.35.

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.