InvesTrust Sells 2,398 Shares of Oracle Co. (NYSE:ORCL)

InvesTrust decreased its position in Oracle Co. (NYSE:ORCL - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 49,589 shares of the enterprise software provider's stock after selling 2,398 shares during the quarter. Oracle accounts for approximately 1.9% of InvesTrust's holdings, making the stock its 23rd biggest holding. InvesTrust's holdings in Oracle were worth $6,933,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in Oracle during the 4th quarter worth about $2,216,314,000. Raymond James Financial Inc. bought a new stake in Oracle during the 4th quarter worth about $930,095,000. GAMMA Investing LLC grew its holdings in Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Oracle by 20.5% during 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 acquiring an additional 2,350,448 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings 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 worth $26,231,127,000 after acquiring an additional 2,296,069 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock worth $4,015,723 in the last quarter. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Down 0.6%

ORCL traded down $0.97 during trading hours on Wednesday, hitting $168.17. 6,372,366 shares of the company's stock were exchanged, compared to its average volume of 9,505,014. The stock has a market cap of $470.36 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 3.46 and a beta of 1.32. Oracle Co. has a 1-year low of $118.72 and a 1-year high of $198.31. The stock's 50-day moving average is $145.39 and its two-hundred day moving average is $160.82. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's quarterly 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. Sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a $0.50 dividend. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.19%. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research reports. Bank of America cut their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. UBS Group restated a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Piper Sandler restated a "neutral" rating and set a $130.00 target price (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Evercore ISI cut their target price on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a "sector perform" rating 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

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.