BTC Capital Management Inc. Grows Position in Oracle Co. (NYSE:ORCL)

BTC Capital Management Inc. boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,621 shares of the enterprise software provider's stock after buying an additional 2,636 shares during the period. BTC Capital Management Inc.'s holdings in Oracle were worth $10,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Private Client Services LLC boosted its position in Oracle by 8.1% in the 1st quarter. Private Client Services LLC now owns 1,957 shares of the enterprise software provider's stock worth $274,000 after purchasing an additional 146 shares in the last quarter. Welch Group LLC boosted its position in Oracle by 1.5% in the 1st quarter. Welch Group LLC now owns 63,107 shares of the enterprise software provider's stock worth $8,890,000 after purchasing an additional 944 shares in the last quarter. First County Bank CT boosted its position in Oracle by 471.7% in the 1st quarter. First County Bank CT now owns 13,400 shares of the enterprise software provider's stock worth $1,873,000 after purchasing an additional 11,056 shares in the last quarter. GoalVest Advisory LLC boosted its position in Oracle by 1,446.5% in the 1st quarter. GoalVest Advisory LLC now owns 6,186 shares of the enterprise software provider's stock worth $865,000 after purchasing an additional 5,786 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after purchasing an additional 4,723,631 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Evercore ISI lowered their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Cantor Fitzgerald lowered their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. DA Davidson lowered their price objective on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Piper Sandler reiterated a "neutral" rating and set a $130.00 target price (down previously from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Trading Up 1.3%

Shares of ORCL traded up $2.13 during midday trading on Friday, reaching $165.03. The company had a trading volume of 17,537,919 shares, compared to its average volume of 9,527,386. Oracle Co. has a 1-year low of $117.34 and a 1-year high of $198.31. The stock has a market cap of $461.58 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The firm has a 50 day simple moving average of $144.55 and a 200-day simple moving average of $161.07. 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 earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the business earned $1.41 earnings per share. The firm's revenue was up 6.4% compared to the same quarter last year. Research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by insiders.

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.