First National Trust Co Buys 345 Shares of Oracle Co. (NYSE:ORCL)

First National Trust Co grew its stake in shares of Oracle Co. (NYSE:ORCL) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 64,112 shares of the enterprise software provider’s stock after acquiring an additional 345 shares during the quarter. First National Trust Co’s holdings in Oracle were worth $10,684,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Oracle during the 4th quarter worth $25,000. Winch Advisory Services LLC raised its holdings in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new position in shares of Oracle during the 4th quarter worth $34,000. TFC Financial Management Inc. raised its holdings in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the 4th quarter worth $47,000. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of research analyst reports. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Stifel Nicolaus lowered their target price on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a report on Tuesday. Barclays lowered their target price on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday. DA Davidson reaffirmed a “neutral” rating and issued a $150.00 target price on shares of Oracle in a report on Tuesday. Finally, Evercore ISI lowered their target price on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $179.71.

Oracle Trading Down 2.3 %

Shares of ORCL stock opened at $147.41 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a 50-day moving average price of $166.14 and a two-hundred day moving average price of $169.34. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The firm has a market cap of $412.30 billion, a P/E ratio of 36.04, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the firm earned $1.41 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.36%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 39.12%.

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.