Heritage Trust Co lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,771 shares of the enterprise software provider's stock after selling 2,377 shares during the period. Oracle comprises about 1.3% of Heritage Trust Co's holdings, making the stock its 16th largest holding. Heritage Trust Co's holdings in Oracle were worth $10,454,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenwood Gearhart Inc. grew its position in Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares during the last quarter. Flynn Zito Capital Management LLC lifted its stake in shares of Oracle by 1.7% during the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after buying an additional 71 shares during the period. Private Wealth Management Group LLC grew its holdings in shares of Oracle by 14.9% during the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock valued at $78,000 after buying an additional 72 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. increased its position in shares of Oracle by 4.8% in the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock valued at $218,000 after acquiring an additional 72 shares during the period. Finally, Canopy Partners LLC raised its stake in Oracle by 1.5% in the 1st quarter. Canopy Partners LLC now owns 4,917 shares of the enterprise software provider's stock worth $687,000 after acquiring an additional 74 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Price Performance
ORCL stock traded down $9.33 during trading on Friday, hitting $244.44. The stock had a trading volume of 12,500,927 shares, compared to its average volume of 11,238,885. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The company's 50-day moving average price is $213.55 and its two-hundred day moving average price is $174.96. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $686.59 billion, a P/E ratio of 56.32, a PEG ratio of 3.65 and a beta of 1.43.
Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. As a group, research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.
Insider Buying and Selling
In other news, Director Rona Alison Fairhead bought 480 shares of Oracle stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 431,169 shares of company stock worth $82,908,609 over the last quarter. Corporate insiders own 42.20% of the company's stock.
Analyst Upgrades and Downgrades
ORCL has been the topic of several research analyst reports. JMP Securities boosted their price target on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. BMO Capital Markets upped their target price on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. CIBC reissued a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. Finally, Westpark Capital increased their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $218.29.
View Our Latest Stock Report on Oracle
About Oracle
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Free Report)
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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