Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 4,698 Shares of Oracle Co. (NYSE:ORCL)

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its position in Oracle Co. (NYSE:ORCL - Free Report) by 19.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,134 shares of the enterprise software provider's stock after selling 4,698 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Oracle were worth $2,675,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. McClarren Financial Advisors Inc. grew its holdings in Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after acquiring an additional 1,069 shares during the period. Crews Bank & Trust bought a new position in shares of Oracle during the 4th quarter valued at about $1,800,000. Boston Trust Walden Corp grew its stake in shares of Oracle by 40.8% in the 4th quarter. Boston Trust Walden Corp now owns 564,030 shares of the enterprise software provider's stock worth $93,990,000 after purchasing an additional 163,543 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of Oracle by 10.8% in the 4th quarter. CENTRAL TRUST Co now owns 43,851 shares of the enterprise software provider's stock worth $7,307,000 after purchasing an additional 4,259 shares in the last quarter. Finally, EQ Wealth Advisors LLC acquired a new stake in Oracle during the fourth quarter valued at approximately $12,738,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

NYSE ORCL traded up $2.13 on Friday, hitting $165.03. 17,537,919 shares of the company were exchanged, compared to its average volume of 9,540,299. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $461.58 billion, a P/E ratio of 40.35, a P/E/G ratio of 3.46 and a beta of 1.27. Oracle Co. has a 1-year low of $114.55 and a 1-year high of $198.31. The firm has a 50 day moving average of $144.55 and a two-hundred day moving average of $161.26.

Oracle (NYSE:ORCL - Get Free Report) last released 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 company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 earnings per share. On average, equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, April 10th. 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. Oracle's payout ratio is presently 46.95%.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock valued at $4,015,723 over the last 90 days. 42.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Bank of America dropped their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Citigroup decreased their price target on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. DA Davidson cut their price objective on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Guggenheim reissued a "buy" rating and issued a $220.00 target price on shares of Oracle in a research report on Thursday, April 3rd. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.