Summit Trail Advisors LLC Trims Position in Oracle Co. (NYSE:ORCL)

Summit Trail Advisors LLC lowered its position in Oracle Co. (NYSE:ORCL) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,761 shares of the enterprise software provider’s stock after selling 1,284 shares during the quarter. Summit Trail Advisors LLC’s holdings in Oracle were worth $1,134,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ORCL. Brown Advisory Inc. lifted its holdings in shares of Oracle by 3.4% in the 3rd quarter. Brown Advisory Inc. now owns 218,905 shares of the enterprise software provider’s stock worth $23,186,000 after acquiring an additional 7,272 shares during the last quarter. BluePath Capital Management LLC acquired a new position in Oracle during the third quarter worth $45,000. FORVIS Wealth Advisors LLC boosted its position in shares of Oracle by 14.0% during the third quarter. FORVIS Wealth Advisors LLC now owns 29,541 shares of the enterprise software provider’s stock worth $3,129,000 after buying an additional 3,634 shares during the period. Calamos Wealth Management LLC grew its stake in shares of Oracle by 32.2% in the third quarter. Calamos Wealth Management LLC now owns 104,956 shares of the enterprise software provider’s stock valued at $11,117,000 after buying an additional 25,586 shares in the last quarter. Finally, Calamos Advisors LLC raised its holdings in shares of Oracle by 11.6% in the 3rd quarter. Calamos Advisors LLC now owns 880,493 shares of the enterprise software provider’s stock valued at $93,262,000 after buying an additional 91,465 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

ORCL traded up $2.54 on Monday, reaching $118.34. The company had a trading volume of 5,301,334 shares, compared to its average volume of 8,261,409. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1 year low of $96.10 and a 1 year high of $132.77. The stock has a market capitalization of $325.26 billion, a PE ratio of 30.99, a P/E/G ratio of 2.32 and a beta of 1.03. The stock has a 50-day moving average price of $119.91 and a 200-day moving average price of $113.38.

Oracle (NYSE:ORCL) last posted its earnings results 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. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. As a group, research analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ORCL shares. The Goldman Sachs Group lifted their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Insider Activity

In related news, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. Insiders have sold 835,000 shares of company stock valued at $105,189,850 in the last ninety days. 42.80% of the stock is currently owned by company insiders.

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.