Trust Co. of Vermont Reduces Position in Oracle Corporation (NYSE:ORCL)

Trust Co. of Vermont decreased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,623 shares of the enterprise software provider's stock after selling 1,315 shares during the period. Trust Co. of Vermont's holdings in Oracle were worth $6,099,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC purchased a new position in Oracle during the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC purchased a new stake in Oracle during the fourth quarter worth $30,000. Hurley Capital LLC purchased a new position in shares of Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle in the 4th quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle during the fourth quarter valued at about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider now owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on ORCL shares. Jefferies Financial Group boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Royal Bank Of Canada boosted their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Stifel Nicolaus increased their target price on shares of Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday, June 12th. Stephens began coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Finally, Citigroup reissued an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $197.67.

Oracle Stock Up 1.2%

NYSE ORCL opened at $213.28 on Friday. The business has a fifty day moving average price of $166.79 and a 200 day moving average price of $162.13. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $599.07 billion, a P/E ratio of 49.14, a P/E/G ratio of 3.16 and a beta of 1.32. Oracle Corporation has a one year low of $118.86 and a one year high of $216.93.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 business had revenue of $15.90 billion during 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%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. Research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. Oracle's dividend payout ratio is presently 46.08%.

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.

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