Enterprise Bank & Trust Co Grows Stock Holdings in Oracle Corporation $ORCL

Enterprise Bank & Trust Co grew its holdings in shares of Oracle Corporation (NYSE:ORCL) by 6.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,556 shares of the enterprise software provider’s stock after purchasing an additional 477 shares during the period. Enterprise Bank & Trust Co’s holdings in Oracle were worth $1,652,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Insight Wealth Strategies LLC lifted its holdings in shares of Oracle by 1.0% during the second quarter. Insight Wealth Strategies LLC now owns 19,010 shares of the enterprise software provider’s stock valued at $4,163,000 after purchasing an additional 192 shares during the last quarter. Retirement Wealth Solutions LLC raised its holdings in Oracle by 16.4% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 696 shares of the enterprise software provider’s stock worth $152,000 after acquiring an additional 98 shares during the last quarter. Armstrong Henry H Associates Inc. purchased a new position in Oracle in the 2nd quarter worth approximately $202,000. Roxbury Financial LLC raised its holdings in Oracle by 19.4% in the 2nd quarter. Roxbury Financial LLC now owns 1,090 shares of the enterprise software provider’s stock worth $238,000 after acquiring an additional 177 shares during the last quarter. Finally, Greenfield Savings Bank raised its holdings in Oracle by 0.6% in the 2nd quarter. Greenfield Savings Bank now owns 9,117 shares of the enterprise software provider’s stock worth $1,993,000 after acquiring an additional 53 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of Oracle from $175.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Monday, September 8th. Scotiabank reaffirmed an “outperform” rating on shares of Oracle in a research report on Wednesday. Royal Bank Of Canada lifted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 12th. Roth Capital reaffirmed a “hold” rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Westpark Capital lifted their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $296.84.

Oracle Trading Down 5.1%

Shares of ORCL stock opened at $292.07 on Friday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The firm has a fifty day moving average price of $244.69 and a 200-day moving average price of $190.50. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.75. The company has a market cap of $820.38 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 4.10 and a beta of 1.46.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle’s dividend payout ratio is currently 46.30%.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rona Alison Fairhead bought 480 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 44,183 shares of company stock worth $10,353,198 in the last three months. Corporate insiders own 42.20% of the company’s stock.

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.