Oracle Co. (NYSE:ORCL) Shares Sold by First American Trust FSB

First American Trust FSB decreased its position in Oracle Co. (NYSE:ORCL) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,205 shares of the enterprise software provider’s stock after selling 18,129 shares during the quarter. Oracle comprises approximately 1.6% of First American Trust FSB’s holdings, making the stock its 14th largest position. First American Trust FSB’s holdings in Oracle were worth $16,365,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC grew its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. lifted its holdings 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 during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at $47,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.8 %

Oracle stock opened at $154.98 on Tuesday. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The company’s fifty day moving average price is $164.89 and its two-hundred day moving average price is $170.36. The company has a market capitalization of $433.46 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the business posted $1.41 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent analyst reports. BMO Capital Markets cut their price objective on Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday, March 11th. Morgan Stanley reduced their price target on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. DA Davidson reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Piper Sandler cut their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, Evercore ISI decreased their target price on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $179.20.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is currently owned by company insiders.

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.