Oracle Co. (NYSE:ORCL) Shares Sold by Charles Schwab Trust Co

Charles Schwab Trust Co lessened its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 37.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,399 shares of the enterprise software provider's stock after selling 3,848 shares during the quarter. Charles Schwab Trust Co's holdings in Oracle were worth $895,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. boosted its stake in shares of Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after buying an additional 1,069 shares during the period. Cornerstone Advisory LLC raised its stake in Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after acquiring an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. acquired a new stake in Oracle during the 4th quarter worth approximately $211,000. AFT Forsyth & Company Inc. grew its stake in shares of Oracle by 32.7% in the 4th quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider's stock valued at $1,123,000 after purchasing an additional 1,659 shares during the last quarter. Finally, Certuity LLC increased its holdings in shares of Oracle by 28.9% in the fourth quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider's stock valued at $1,302,000 after purchasing an additional 1,753 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

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

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. Guggenheim reaffirmed a "buy" rating and set a $220.00 price target on shares of Oracle in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Cantor Fitzgerald dropped their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Westpark Capital initiated coverage on shares of Oracle in a research report on Tuesday, April 1st. They issued a "buy" rating and a $195.00 price objective for the company. Finally, UBS Group reiterated a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Price Performance

ORCL stock traded up $3.08 on Friday, reaching $174.22. The company had a trading volume of 6,828,176 shares, compared to its average volume of 9,509,734. The company's fifty day moving average is $146.56 and its 200 day moving average is $160.77. The company has a market cap of $487.29 billion, a P/E ratio of 42.60, a PEG ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 1 year low of $118.86 and a 1 year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.41 earnings per share. On average, research 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. Shareholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is currently 46.95%.

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.