Private Trust Co. NA Has $4.15 Million Holdings in Oracle Corporation (NYSE:ORCL)

Private Trust Co. NA boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,647 shares of the enterprise software provider’s stock after buying an additional 2,016 shares during the quarter. Private Trust Co. NA’s holdings in Oracle were worth $4,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cookson Peirce & Co. Inc. boosted its stake in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares in the last quarter. Greenwood Gearhart Inc. grew its stake in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock worth $955,000 after buying an additional 66 shares during the last quarter. WorthPointe LLC grew its stake in shares of Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock worth $289,000 after buying an additional 67 shares during the last quarter. Stage Harbor Financial LLC boosted its holdings in Oracle by 5.0% in the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider’s stock worth $239,000 after acquiring an additional 68 shares in the last quarter. Finally, J. L. Bainbridge & Co. Inc. boosted its holdings in Oracle by 5.5% in the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider’s stock worth $226,000 after acquiring an additional 70 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 5.3%

Shares of ORCL stock opened at $230.55 on Thursday. The company has a market capitalization of $647.58 billion, a price-to-earnings ratio of 53.12, a PEG ratio of 3.28 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $231.90. The company’s fifty day moving average price is $174.16 and its 200-day moving average price is $163.33. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. Sell-side analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, July 10th. Oracle’s payout ratio is currently 46.08%.

Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director owned 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 440,366 shares of company stock worth $83,103,603. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ORCL shares. Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Roth Capital reiterated a “hold” rating on shares of Oracle in a research note on Wednesday, June 18th. KeyCorp upped their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, June 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Stephens assumed coverage on Oracle in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.63.

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.