St. Louis Trust Co acquired a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,727 shares of the enterprise software provider's stock, valued at approximately $241,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. AMG National Trust Bank boosted its stake in shares of Oracle by 1.1% during the 1st quarter. AMG National Trust Bank now owns 39,848 shares of the enterprise software provider's stock worth $5,571,000 after acquiring an additional 428 shares in the last quarter. Formidable Asset Management LLC lifted its holdings in shares of Oracle by 9.7% in the first quarter. Formidable Asset Management LLC now owns 14,459 shares of the enterprise software provider's stock valued at $2,022,000 after purchasing an additional 1,276 shares in the last quarter. Mystic Asset Management Inc. lifted its holdings in shares of Oracle by 12.0% in the first quarter. Mystic Asset Management Inc. now owns 4,422 shares of the enterprise software provider's stock valued at $618,000 after purchasing an additional 475 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Oracle by 6.7% in the first quarter. Private Advisor Group LLC now owns 133,204 shares of the enterprise software provider's stock valued at $18,623,000 after purchasing an additional 8,398 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in shares of Oracle by 7.0% in the first quarter. Diversify Advisory Services LLC now owns 14,057 shares of the enterprise software provider's stock valued at $1,979,000 after purchasing an additional 918 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ORCL. CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Guggenheim lifted their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Cowen reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, June 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 price objective (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Finally, Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $218.29.
View Our Latest Analysis on ORCL
Insider Buying and Selling
In other news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 448,669 shares of company stock valued at $85,555,309 over the last three months. 42.20% of the stock is currently owned by insiders.
Oracle Price Performance
Shares of Oracle stock traded down $3.45 during trading hours on Friday, reaching $245.30. 9,671,806 shares of the company's stock were exchanged, compared to its average volume of 10,370,432. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $251.60. The company has a market capitalization of $689.01 billion, a P/E ratio of 56.52, a price-to-earnings-growth ratio of 3.67 and a beta of 1.39. The business has a fifty day moving average of $196.21 and a two-hundred day moving average of $168.95. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.
Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.63 earnings per share. As a group, research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.
Oracle Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.82%. Oracle's dividend payout ratio is currently 46.08%.
Oracle Profile
(
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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