Colonial Trust Advisors Has $15.55 Million Position in Oracle Co. (NYSE:ORCL)

Colonial Trust Advisors reduced its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,295 shares of the enterprise software provider's stock after selling 3,256 shares during the period. Oracle makes up about 1.4% of Colonial Trust Advisors' investment portfolio, making the stock its 19th largest position. Colonial Trust Advisors' holdings in Oracle were worth $15,547,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Howard Capital Management Group LLC increased its stake in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock valued at $1,366,000 after acquiring an additional 883 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after buying an additional 121,874 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of Oracle during the 3rd quarter worth approximately $2,590,000. Wellington Management Group LLP grew its position in Oracle by 27.3% in the third quarter. Wellington Management Group LLP now owns 57,424 shares of the enterprise software provider's stock valued at $9,785,000 after acquiring an additional 12,302 shares during the period. Finally, XTX Topco Ltd acquired a new position in Oracle during the third quarter worth $215,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,448,328 shares of company stock valued at $453,791,001. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a "sector perform" rating in a report on Tuesday, March 11th. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Stephens began coverage on Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective for the company. Finally, JMP Securities restated a "market outperform" rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

Oracle Stock Up 1.4 %

ORCL stock traded up $1.84 during mid-day trading on Monday, reaching $134.19. The company had a trading volume of 3,316,261 shares, compared to its average volume of 9,257,175. The company has a market capitalization of $375.32 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 3.46 and a beta of 1.22. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The stock has a 50 day simple moving average of $155.25 and a two-hundred day simple moving average of $167.63. 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 - Get Free Report) last issued its earnings results 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 return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the firm posted $1.41 earnings per share. Oracle's quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is 46.95%.

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.