Charles Schwab Trust Co Sells 3,848 Shares of Oracle Co. (NYSE:ORCL)

by · The Cerbat Gem

Charles Schwab Trust Co reduced its position in Oracle Co. (NYSE:ORCL – Free Report) by 37.6% during the first quarter, HoldingsChannel reports. The fund owned 6,399 shares of the enterprise software provider’s stock after selling 3,848 shares during the quarter. Charles Schwab Trust Co’s holdings in Oracle were worth $895,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. R Squared Ltd purchased a new position in Oracle during the fourth quarter worth about $25,000. Sunbeam Capital Management LLC purchased a new position in Oracle during the 4th quarter valued at about $30,000. Hurley Capital LLC bought a new stake in Oracle in the fourth quarter valued at $33,000. Synergy Investment Management LLC bought a new position in Oracle in the fourth quarter worth about $34,000. Finally, TFC Financial Management Inc. boosted its position in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now directly owns 31,764 shares of the company’s stock, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on ORCL. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. UBS Group reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Stifel Nicolaus lowered their price target on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Jefferies Financial Group dropped their price objective on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Citigroup cut their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $174.42.

View Our Latest Stock Report on ORCL

Oracle Price Performance

Oracle stock opened at $168.17 on Thursday. Oracle Co. has a 12-month low of $118.86 and a 12-month high of $198.31. The firm has a 50-day moving average price of $145.94 and a 200-day moving average price of $160.87. The firm has a market capitalization of $470.36 billion, a PE ratio of 41.12, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL – Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the company earned $1.41 earnings per share. Oracle’s revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.19%. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Oracle Profile

(Free Report)

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.

See Also

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