First Western Trust Bank Decreases Position in Oracle Co. (NYSE:ORCL)

First Western Trust Bank cut its stake in shares of Oracle Co. (NYSE:ORCL) by 10.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,778 shares of the enterprise software provider’s stock after selling 9,427 shares during the quarter. Oracle makes up approximately 0.6% of First Western Trust Bank’s portfolio, making the stock its 12th biggest position. First Western Trust Bank’s holdings in Oracle were worth $14,446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. increased its position in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after acquiring an additional 2,219,450 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Oracle by 97.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after purchasing an additional 2,093,893 shares during the last quarter. International Assets Investment Management LLC raised its position in Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after buying an additional 2,052,275 shares during the last quarter. Finally, Altshuler Shaham Ltd lifted its position in Oracle by 5,853.1% in the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after purchasing an additional 1,526,500 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 42.20% of the company’s stock.

Oracle Trading Down 1.8 %

Shares of NYSE:ORCL opened at $183.74 on Monday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $509.15 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 3.39 and a beta of 1.02. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77. The company has a 50 day moving average price of $172.14 and a 200 day moving average price of $147.06.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the firm posted $0.95 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORCL. Bank of America raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. UBS Group restated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Jefferies Financial Group raised their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. TD Cowen lifted their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Evercore ISI upped their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $169.52.

Oracle 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.