Summit Trail Advisors LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Summit Trail Advisors LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 23.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,172 shares of the enterprise software provider’s stock after acquiring an additional 4,831 shares during the quarter. Summit Trail Advisors LLC’s holdings in Oracle were worth $4,195,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ORCL. R Squared Ltd purchased a new position in shares of Oracle in the fourth quarter worth $25,000. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the period. Reston Wealth Management LLC purchased a new position in shares of Oracle in the third quarter worth $44,000. Synergy Asset Management LLC purchased a new position in shares of Oracle in the fourth quarter worth $47,000. Finally, Friedenthal Financial purchased a new position in shares of Oracle in the third quarter worth $51,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ORCL shares. Stifel Nicolaus lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Friday, December 20th. Mizuho lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Guggenheim lifted their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of NYSE:ORCL opened at $178.97 on Tuesday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The business has a 50-day simple moving average of $170.42 and a two-hundred day simple moving average of $164.68. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $500.58 billion, a price-to-earnings ratio of 43.76, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the company earned $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

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.