First Western Trust Bank Sells 9,427 Shares of Oracle Co. (NYSE:ORCL)

First Western Trust Bank lessened its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,778 shares of the enterprise software provider's stock after selling 9,427 shares during the quarter. Oracle makes up about 0.6% of First Western Trust Bank's investment portfolio, making the stock its 12th biggest position. First Western Trust Bank's holdings in Oracle were worth $14,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Oracle by 5.3% during the third 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 during the period. Itau Unibanco Holding S.A. increased its holdings in shares of Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock valued at $3,502,000 after buying an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp acquired a new stake in Oracle during the 3rd quarter valued at $4,160,000. Oppenheimer Asset Management Inc. raised its stake in Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock valued at $48,813,000 after purchasing an additional 126,985 shares during the period. Finally, Buckley Wealth Management LLC increased its stake in shares of Oracle by 63.8% in the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider's stock worth $1,256,000 after acquiring an additional 2,870 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 0.7 %

ORCL traded up $1.30 during trading on Monday, hitting $185.04. 2,963,926 shares of the company's stock were exchanged, compared to its average volume of 8,232,386. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business's 50 day moving average is $172.14 and its two-hundred day moving average is $147.06. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77. The stock has a market cap of $512.76 billion, a P/E ratio of 47.57, a PEG ratio of 3.39 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.86%. Oracle's dividend payout ratio (DPR) is presently 41.24%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent research reports. TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. Piper Sandler increased their price target on shares of Oracle from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. raised their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Guggenheim lifted their price target on shares of Oracle from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Finally, UBS Group reissued a "market outperform" rating on shares of Oracle in a research report on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $169.52.

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.