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

First Bank & Trust reduced its holdings in Oracle Co. (NYSE:ORCL) by 7.5% during the 4th quarter, Holdings Channel reports. The firm owned 2,890 shares of the enterprise software provider’s stock after selling 235 shares during the quarter. First Bank & Trust’s holdings in Oracle were worth $482,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Oracle in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its position in Oracle by 89.7% during the fourth 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. TFC Financial Management Inc. lifted its position in Oracle by 129.0% during the fourth 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. Reston Wealth Management LLC purchased a new position in Oracle during the third quarter worth approximately $44,000. Finally, Synergy Asset Management LLC purchased a new position in Oracle during the fourth quarter worth approximately $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on ORCL. DA Davidson lifted their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler lifted their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Evercore ISI lifted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, KeyCorp lifted their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling

In other news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is currently owned by insiders.

Oracle Trading Down 3.0 %

ORCL opened at $176.01 on Friday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock has a market capitalization of $492.30 billion, a price-to-earnings ratio of 43.04, a PEG ratio of 3.54 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day moving average price of $169.10 and a 200 day moving average price of $166.74.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.91%. Oracle’s payout ratio is 39.12%.

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.