Oracle Co. (NYSE:ORCL) Stock Position Lifted by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH increased its position in Oracle Co. (NYSE:ORCL) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,063 shares of the enterprise software provider’s stock after acquiring an additional 120 shares during the quarter. Oracle comprises approximately 2.4% of Trust Co. of Toledo NA OH’s holdings, making the stock its 8th biggest position. Trust Co. of Toledo NA OH’s holdings in Oracle were worth $18,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management grew its position in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares during the last quarter. Second Line Capital LLC increased its stake in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares during the period. Cadence Bank raised its holdings in Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after purchasing an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC lifted its position in Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares during the period. Finally, W Advisors LLC boosted its holdings in Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ORCL shares. Guggenheim upped their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. BMO Capital Markets lifted their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Performance

Oracle stock traded down $0.82 during midday trading on Monday, reaching $153.68. 2,266,410 shares of the stock traded hands, compared to its average volume of 6,993,057. The firm has a fifty day moving average price of $177.62 and a two-hundred day moving average price of $161.04. Oracle Co. has a fifty-two week low of $105.42 and a fifty-two week high of $198.31. The firm has a market cap of $429.84 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 3.39 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 EPS. On average, equities research analysts forecast that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Oracle 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.