Oracle Co. (NYSE:ORCL) Shares Sold by First National Trust Co

First National Trust Co decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,302 shares of the enterprise software provider’s stock after selling 2,872 shares during the quarter. First National Trust Co’s holdings in Oracle were worth $7,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Orion Capital Management LLC acquired a new position in Oracle during the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new position in Oracle in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC increased its stake in Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. lifted its position in shares of Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ORCL. BMO Capital Markets upped their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective on the stock. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. The Goldman Sachs Group upped their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, HSBC lifted 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 analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Transactions at Oracle

In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George H. Conrades sold 25,000 shares of the firm’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 transaction of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL traded up $0.84 during trading on Friday, hitting $115.80. 4,484,976 shares of the stock were exchanged, compared to its average volume of 6,128,065. The company has a market cap of $318.28 billion, a PE ratio of 30.55, a P/E/G ratio of 2.32 and a beta of 1.03. 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 fifty day moving average price of $119.91 and a two-hundred day moving average price of $113.32. Oracle Co. has a 12-month low of $94.41 and a 12-month high of $132.77.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping 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 company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the previous year, the business earned $0.96 earnings per share. Oracle’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is 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.