Oracle Co. (NYSE:ORCL) Shares Sold by Intrust Bank NA

Intrust Bank NA cut its position in shares of Oracle Co. (NYSE:ORCL) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,816 shares of the enterprise software provider’s stock after selling 557 shares during the quarter. Intrust Bank NA’s holdings in Oracle were worth $2,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Bison Wealth LLC lifted its stake in Oracle by 0.8% in the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after purchasing an additional 91 shares during the last quarter. MONECO Advisors LLC lifted its stake in Oracle by 1.1% in the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after purchasing an additional 94 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in Oracle by 1.4% in the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after purchasing an additional 96 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in Oracle by 1.0% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after purchasing an additional 98 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in Oracle by 0.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock valued at $2,255,000 after purchasing an additional 100 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. The Goldman Sachs Group boosted their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Price Performance

Shares of Oracle stock traded down $0.72 on Monday, hitting $116.49. 4,993,151 shares of the company traded hands, compared to its average volume of 8,420,447. The firm’s 50-day simple moving average is $119.42 and its 200 day simple moving average is $113.16. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a market cap of $320.17 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.35 and a beta of 1.01. Oracle Co. has a 12-month low of $93.85 and a 12-month high of $132.77.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter last year, the company posted $0.96 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

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 Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.