Oracle Co. (NYSE:ORCL) Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division cut its stake in Oracle Co. (NYSE:ORCL - Free Report) by 12.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,173 shares of the enterprise software provider's stock after selling 4,357 shares during the quarter. First Financial Bank Trust Division's holdings in Oracle were worth $4,218,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ORCL. Capital & Planning LLC lifted its position in shares of Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after purchasing an additional 81 shares during the last quarter. Brighton Jones LLC lifted its position in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Oracle during the fourth quarter worth $51,084,000. Revolve Wealth Partners LLC lifted its position in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of Oracle by 2.0% during the fourth quarter. Perigon Wealth Management LLC now owns 28,583 shares of the enterprise software provider's stock worth $4,560,000 after purchasing an additional 549 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 1.3%

ORCL traded up $2.13 on Friday, hitting $165.03. The company had a trading volume of 17,537,919 shares, compared to its average volume of 9,540,299. The stock has a fifty day moving average price of $144.55 and a 200-day moving average price of $161.26. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $461.58 billion, a price-to-earnings ratio of 40.35, a P/E/G ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business 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%. Oracle's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 EPS. Analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

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

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares of the company's stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research analyst reports. Cantor Fitzgerald decreased their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Stephens initiated coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price for the company. Evercore ISI decreased their target price on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, Westpark Capital started coverage on Oracle in a research note on Tuesday, April 1st. They set a "buy" rating and a $195.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $174.42.

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.