Trust Point Inc. Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Trust Point Inc. boosted its holdings in Oracle Co. (NYSE:ORCL) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,606 shares of the enterprise software provider’s stock after buying an additional 66 shares during the quarter. Trust Point Inc.’s holdings in Oracle were worth $2,318,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ORCL. Janus Henderson Group PLC grew its holdings in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. grew its holdings in shares of Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after purchasing an additional 2,219,450 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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. Altshuler Shaham Ltd grew its holdings in shares of Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after purchasing an additional 1,526,500 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ORCL shares. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. UBS Group increased their target price on shares of Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Citigroup increased their target price on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Finally, JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.80% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of ORCL traded up $0.08 during mid-day trading on Friday, reaching $175.76. 1,235,899 shares of the company’s stock were exchanged, compared to its average volume of 8,441,801. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a 50-day simple moving average of $155.43 and a two-hundred day simple moving average of $138.15. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The company has a market cap of $484.37 billion, a price-to-earnings ratio of 47.34, a PEG ratio of 3.29 and a beta of 1.01.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.91%. Oracle’s payout ratio is currently 43.13%.

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.