Trust Point Inc. Decreases Stock Position in Oracle Co. (NYSE:ORCL)

Trust Point Inc. lessened its stake in Oracle Co. (NYSE:ORCL - Free Report) by 15.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,298 shares of the enterprise software provider's stock after selling 2,130 shares during the quarter. Trust Point Inc.'s holdings in Oracle were worth $1,580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Norges Bank purchased a new position in Oracle in the 4th quarter worth approximately $2,216,314,000. Raymond James Financial Inc. purchased a new position in Oracle in the 4th quarter worth approximately $930,095,000. GAMMA Investing LLC boosted its holdings in Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of ORCL opened at $215.54 on Monday. The company has a market cap of $602.86 billion, a P/E ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. The stock has a fifty day moving average price of $152.88 and a 200 day moving average price of $160.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $216.98.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.93%. Oracle's dividend payout ratio is currently 46.08%.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the firm's 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 transaction, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock valued at $80,183,723 over the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upped their target price on Oracle from $145.00 to $195.00 and gave the company a "neutral" rating in a research report on Friday. Stifel Nicolaus upped their target price on Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday. Evercore ISI upped their target price on Oracle from $180.00 to $215.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Loop Capital set a $135.00 target price on Oracle in a research report on Tuesday, June 10th. Twelve analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $194.32.

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.

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