Private Trust Co. NA Grows Stock Position in Oracle Corporation (NYSE:ORCL)

Private Trust Co. NA lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,647 shares of the enterprise software provider's stock after purchasing an additional 2,016 shares during the quarter. Private Trust Co. NA's holdings in Oracle were worth $4,145,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC raised its stake in 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 buying an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC raised 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 period. Synergy Investment Management LLC bought a new position in shares of Oracle in the fourth quarter valued at $34,000. Victory Capital Management Inc. lifted its position in Oracle by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 840,892 shares of the enterprise software provider's stock valued at $140,126,000 after acquiring an additional 17,346 shares in the last quarter. Finally, Carrera Capital Advisors grew its holdings in Oracle by 13.3% during the fourth quarter. Carrera Capital Advisors now owns 1,835 shares of the enterprise software provider's stock worth $306,000 after buying an additional 215 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 440,366 shares of company stock valued at $83,103,603 in the last 90 days. Insiders own 42.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ORCL. Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Mizuho lowered their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Stephens initiated coverage on shares of Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price on the stock. Finally, Citigroup reaffirmed an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $204.15.

Oracle Trading Up 3.2%

Shares of NYSE ORCL traded up $7.41 during midday trading on Thursday, hitting $237.39. The company's stock had a trading volume of 18,441,376 shares, compared to its average volume of 10,114,277. The business's 50 day moving average is $174.16 and its two-hundred day moving average is $163.33. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $237.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market cap of $666.79 billion, a P/E ratio of 54.70, a price-to-earnings-growth ratio of 3.28 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the company earned $1.63 earnings per share. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.