Missouri Trust & Investment Co Buys 2,785 Shares of Oracle Co. (NYSE:ORCL)

Missouri Trust & Investment Co raised its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,530 shares of the enterprise software provider's stock after acquiring an additional 2,785 shares during the period. Oracle comprises approximately 0.8% of Missouri Trust & Investment Co's investment portfolio, making the stock its 23rd largest holding. Missouri Trust & Investment Co's holdings in Oracle were worth $2,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC purchased a new position in shares of Oracle in the 4th quarter worth about $33,000. Synergy Investment Management LLC bought a new position in Oracle during the fourth quarter valued at about $34,000. Mpwm Advisory Solutions LLC purchased a new stake in Oracle during the fourth quarter worth about $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in Oracle in the fourth quarter worth about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 7.8%

Shares of ORCL opened at $215.54 on Friday. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The firm has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. The firm has a 50 day moving average price of $152.88 and a 200-day moving average price of $160.46. 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 (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of the 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 completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock valued at $80,183,723 over the last three months. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on ORCL. Cantor Fitzgerald lowered their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. BMO Capital Markets upgraded Oracle from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $200.00 to $235.00 in a research note on Friday. Stifel Nicolaus boosted their price objective on Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a research note on Thursday. JMP Securities upped their price objective on shares of Oracle from $205.00 to $240.00 and gave the company a "market outperform" rating in a report on Thursday. Finally, Wall Street Zen downgraded shares of Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Twelve research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $194.32.

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.

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