Cambridge Trust Co. Has $4.45 Million Holdings in Oracle Co. (NYSE:ORCL)

Cambridge Trust Co. lessened its stake in Oracle Co. (NYSE:ORCL) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,241 shares of the enterprise software provider’s stock after selling 704 shares during the quarter. Cambridge Trust Co.’s holdings in Oracle were worth $4,453,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ORCL. Fairfield Bush & CO. boosted its holdings in shares of Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after buying an additional 2,221 shares during the last quarter. AMI Investment Management Inc. lifted its holdings in Oracle by 2.9% during the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after purchasing an additional 579 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Oracle by 29.2% during the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after purchasing an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. lifted its holdings in Oracle by 79.6% during the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after purchasing an additional 3,038 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after purchasing an additional 1,109 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research reports. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a report on Friday, December 22nd. BMO Capital Markets raised their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Piper Sandler lowered their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Price Performance

Shares of NYSE ORCL traded down $2.76 during mid-day trading on Thursday, reaching $115.91. The company had a trading volume of 3,665,382 shares, compared to its average volume of 8,555,161. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50-day simple moving average is $119.28 and its 200 day simple moving average is $112.78. The firm has a market cap of $318.58 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.33 and a beta of 1.01.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio 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.