Oracle Corporation $ORCL Shares Sold by Texas Bank & Trust Co

Key Points

• Texas Bank & Trust Co reduced its stake in Oracle Corporation by 5.3%, selling 1,173 shares during the first quarter, now holding 20,853 shares valued at approximately $2.9 million.
• Other investors, including Nuveen LLC and GAMMA Investing LLC, made significant adjustments to their holdings in Oracle, with GAMMA's stake increasing by 15,012.3% to over 4.7 million shares.
• Oracle recently reported quarterly earnings of $1.70 EPS, exceeding estimates, with revenue of $15.90 billion, reflecting an 11.3% increase year-over-year.

Texas Bank & Trust Co lowered its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 20,853 shares of the enterprise software provider's stock after selling 1,173 shares during the quarter. Oracle accounts for 1.2% of Texas Bank & Trust Co's holdings, making the stock its 23rd biggest holding. Texas Bank & Trust Co's holdings in Oracle were worth $2,915,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Connecticut Wealth Management LLC increased its position in shares of Oracle by 7.4% during the 1st quarter. Connecticut Wealth Management LLC now owns 12,571 shares of the enterprise software provider's stock valued at $1,758,000 after purchasing an additional 863 shares during the last quarter. Activest Wealth Management increased its position in shares of Oracle by 316.5% during the 1st quarter. Activest Wealth Management now owns 1,341 shares of the enterprise software provider's stock valued at $188,000 after purchasing an additional 1,019 shares during the last quarter. Kodai Capital Management LP bought a new position in shares of Oracle during the 1st quarter valued at approximately $42,832,000. The Manufacturers Life Insurance Company increased its position in shares of Oracle by 12.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,126,679 shares of the enterprise software provider's stock valued at $576,952,000 after purchasing an additional 447,522 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Oracle by 31.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,359,976 shares of the enterprise software provider's stock valued at $190,138,000 after purchasing an additional 323,203 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, insider Michael D. Sicilia sold 15,880 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The transaction 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 the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group boosted their target price on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Westpark Capital boosted their price objective on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Cowen restated a "buy" rating on shares of Oracle in a report on Thursday, June 12th. JMP Securities boosted their price objective on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $227.04.

Oracle Stock Down 6.0%

Shares of ORCL stock traded down $14.35 during mid-day trading on Friday, hitting $225.97. The stock had a trading volume of 16,606,479 shares, compared to its average volume of 10,284,459. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The firm has a market capitalization of $634.72 billion, a P/E ratio of 52.07, a price-to-earnings-growth ratio of 3.38 and a beta of 1.46. The firm's 50-day moving average is $237.90 and its two-hundred day moving average is $185.01. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 EPS. On average, analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's payout ratio 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.