Oracle Co. (NYSE:ORCL) Position Reduced by Missouri Trust & Investment Co

Missouri Trust & Investment Co reduced its position in Oracle Co. (NYSE:ORCL) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,855 shares of the enterprise software provider’s stock after selling 440 shares during the period. Oracle comprises approximately 0.8% of Missouri Trust & Investment Co’s holdings, making the stock its 21st largest position. Missouri Trust & Investment Co’s holdings in Oracle were worth $2,361,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Oracle during the 2nd quarter valued at about $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the second quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in Oracle in the 1st quarter worth about $38,000. Finally, Quest Partners LLC purchased a new stake in shares of Oracle during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ORCL. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Royal Bank of Canada initiated coverage on Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target for the company. Jefferies Financial Group boosted their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, Morgan Stanley increased their price target on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $168.52.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Down 0.6 %

Shares of NYSE ORCL traded down $1.07 during mid-day trading on Tuesday, hitting $188.06. The company had a trading volume of 763,634 shares, compared to its average volume of 8,239,754. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a 50-day simple moving average of $168.43 and a two-hundred day simple moving average of $145.03. The company has a market capitalization of $521.13 billion, a PE ratio of 48.74, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $191.50.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. Oracle’s payout ratio is presently 41.24%.

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.