Free Trial

Oracle Corporation (NYSE:ORCL) Shares Sold by First American Trust FSB

Oracle logo with Computer and Technology background

Key Points

  • First American Trust FSB reduced its stake in Oracle Corporation by 30.9%, selling 30,310 shares during the first quarter, leaving its holdings at 67,895 shares valued at approximately $9.49 million.
  • Insiders at Oracle Corporation sold a total of 444,183 shares worth about $86.5 million in the last 90 days, indicating significant insider activity in the company's stock.
  • Oracle recently reported $1.70 EPS for the quarter, exceeding analysts' expectations, and its revenue increased by 11.3% year-over-year, showcasing continued financial growth.
  • Want stock alerts on Oracle? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

First American Trust FSB cut its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 30.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,895 shares of the enterprise software provider's stock after selling 30,310 shares during the period. First American Trust FSB's holdings in Oracle were worth $9,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. grew its position in shares of Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after buying an additional 3,513,464 shares during the last quarter. 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after buying an additional 2,350,448 shares during the last quarter. Polen Capital Management LLC grew its position in shares of Oracle by 17.6% in the 1st quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after buying an additional 1,885,370 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Oracle by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock worth $1,534,624,000 after purchasing an additional 94,236 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Trading Up 0.3%

Shares of ORCL traded up $0.65 during mid-day trading on Friday, reaching $250.04. The stock had a trading volume of 8,301,832 shares, compared to its average volume of 10,261,765. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The business's fifty day moving average is $222.64 and its 200 day moving average is $177.75. The firm has a market cap of $702.32 billion, a price-to-earnings ratio of 57.61, a P/E/G ratio of 3.73 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ORCL shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Citigroup raised shares of Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Westpark Capital upped their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $222.75.

View Our Latest Stock Analysis on ORCL

Insider Activity at Oracle

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 over the last quarter. 42.20% of the stock is owned by insiders.

About Oracle

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Should You Invest $1,000 in Oracle Right Now?

Before you consider Oracle, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oracle wasn't on the list.

While Oracle currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines