Capital City Trust Co. FL boosted its holdings in Oracle Co. (NYSE:ORCL – Get Rating) by 0.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 42,108 shares of the enterprise software provider’s stock after buying an additional 301 shares during the period. Capital City Trust Co. FL’s holdings in Oracle were worth $2,942,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Rosenberg Matthew Hamilton increased its stake in Oracle by 21.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 4,023 shares of the enterprise software provider’s stock worth $285,000 after buying an additional 705 shares in the last quarter. YorkBridge Wealth Partners LLC grew its position in shares of Oracle by 11.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 12,994 shares of the enterprise software provider’s stock valued at $908,000 after purchasing an additional 1,314 shares in the last quarter. PDS Planning Inc grew its position in shares of Oracle by 5.8% during the second quarter. PDS Planning Inc now owns 8,744 shares of the enterprise software provider’s stock valued at $611,000 after purchasing an additional 478 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of Oracle by 3.6% during the second quarter. IFM Investors Pty Ltd now owns 279,405 shares of the enterprise software provider’s stock valued at $19,522,000 after purchasing an additional 9,829 shares in the last quarter. Finally, Marcum Wealth LLC grew its position in shares of Oracle by 2.7% during the second quarter. Marcum Wealth LLC now owns 11,872 shares of the enterprise software provider’s stock valued at $830,000 after purchasing an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 41.92% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Exane BNP Paribas raised shares of Oracle from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. Credit Suisse Group set a $115.00 price target on shares of Oracle in a report on Tuesday, September 13th. Barclays set a $82.00 price target on shares of Oracle in a report on Thursday, September 15th. BMO Capital Markets raised their price objective on shares of Oracle from $86.00 to $90.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 13th. Finally, Berenberg Bank initiated coverage on shares of Oracle in a research note on Wednesday, September 14th. They issued a “hold” rating and a $72.00 price objective for the company. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $88.67.
Oracle Price Performance
Oracle (NYSE:ORCL – Get Rating) last posted its earnings results on Monday, September 12th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.07). The business had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.44 billion. Oracle had a net margin of 13.15% and a negative return on equity of 161.07%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Research analysts expect that Oracle Co. will post 4.13 earnings per share for the current year.
Oracle Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Wednesday, October 12th will be given a $0.32 dividend. The ex-dividend date is Tuesday, October 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.95%. Oracle’s dividend payout ratio (DPR) is currently 60.95%.
Insiders Place Their Bets
In other Oracle news, insider Edward Screven sold 419,174 shares of the company’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the transaction, the insider now owns 2,492,613 shares in the company, valued at $172,538,671.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 39.10% of the company’s stock.
Oracle Company 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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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