First National Trust Co. grew its stake in shares of Oracle Corporation (NYSE:ORCL) by 36.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,589 shares of the enterprise software provider’s stock after acquiring an additional 20,930 shares during the period. First National Trust Co.’s holdings in Oracle were worth $3,751,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ORCL. BT Investment Management Ltd purchased a new stake in shares of Oracle during the second quarter worth $459,738,000. Harris Associates L P raised its position in shares of Oracle by 17.9% in the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after buying an additional 7,427,501 shares in the last quarter. FMR LLC raised its position in shares of Oracle by 24.8% in the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock worth $1,658,750,000 after buying an additional 6,577,297 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Oracle by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after buying an additional 5,270,359 shares in the last quarter. Finally, Boston Partners raised its position in shares of Oracle by 24.4% in the third quarter. Boston Partners now owns 23,924,971 shares of the enterprise software provider’s stock worth $1,156,772,000 after buying an additional 4,699,334 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $885,043.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00. Following the transaction, the executive vice president now directly owns 136,954 shares in the company, valued at $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold 111,250 shares of company stock worth $5,306,238 over the last ninety days. Insiders own 29.00% of the company’s stock.

ORCL has been the topic of a number of recent analyst reports. Canaccord Genuity initiated coverage on Oracle in a research report on Friday, October 6th. They issued a “buy” rating and a $57.00 price objective on the stock. Goldman Sachs Group set a $56.00 price objective on Oracle and gave the stock a “buy” rating in a research report on Friday, October 6th. KeyCorp reiterated a “buy” rating on shares of Oracle in a research report on Wednesday, October 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price objective (up previously from $52.00) on shares of Oracle in a research report on Saturday, September 16th. Finally, Bank of America reiterated a “buy” rating and issued a $62.00 price objective on shares of Oracle in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $55.28.

Shares of Oracle Corporation (ORCL) opened at $49.51 on Friday. Oracle Corporation has a 12-month low of $38.88 and a 12-month high of $53.14. The firm has a market capitalization of $206,630.00, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The firm had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same period last year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts forecast that Oracle Corporation will post 2.68 EPS for the current fiscal year.

Oracle declared that its Board of Directors has initiated a share buyback plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.54%. Oracle’s dividend payout ratio (DPR) is currently 32.62%.

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Oracle Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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