Bank of Jackson Hole Trust Takes $895,000 Position in Oracle Co. (NYSE:ORCL)

Bank of Jackson Hole Trust purchased a new position in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,370 shares of the enterprise software provider's stock, valued at approximately $895,000.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock worth $351,890,000 after acquiring an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. boosted its stake in Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp increased its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Oracle by 279.7% in the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider's stock valued at $201,759,000 after purchasing an additional 891,842 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

NYSE:ORCL traded down $8.08 during mid-day trading on Friday, hitting $167.92. 9,693,812 shares of the stock were exchanged, compared to its average volume of 12,127,484. 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's 50-day simple moving average is $169.10 and its 200 day simple moving average is $166.74. Oracle Co. has a fifty-two week low of $109.66 and a fifty-two week high of $198.31. The stock has a market capitalization of $469.66 billion, a price-to-earnings ratio of 41.06, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05.

Oracle (NYSE:ORCL - Get Free Report) last announced its 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm posted $1.34 EPS. The company's revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio (DPR) is currently 39.12%.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. JMP Securities reiterated a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Guggenheim raised 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. Cantor Fitzgerald began coverage on shares of Oracle in a research report on Friday, January 17th. They issued an "overweight" rating and a $214.00 price objective on the stock. BMO Capital Markets raised their target price on shares of Oracle from $173.00 to $205.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th. Finally, KeyCorp boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average price target of $182.73.

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.