Heritage Trust Co Takes Position in Oracle Co. (NYSE:ORCL)

Heritage Trust Co purchased a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 77,148 shares of the enterprise software provider's stock, valued at approximately $12,856,000. Oracle accounts for 1.5% of Heritage Trust Co's holdings, making the stock its 13th biggest position.

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

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,448,328 shares of company stock valued at $453,791,001 over the last three months. Company insiders own 42.20% of the company's stock.

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Oracle Stock Performance

ORCL stock traded up $0.45 during trading on Tuesday, hitting $135.09. 2,936,754 shares of the company's stock traded hands, compared to its average volume of 9,251,954. The stock has a market capitalization of $377.84 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth 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 fifty day moving average price of $154.50 and a two-hundred day moving average price of $167.39. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last announced 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). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid 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 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle's dividend payout ratio is presently 46.95%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target for the company. Cantor Fitzgerald cut their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Guggenheim reiterated a "buy" rating and set a $220.00 target price on shares of Oracle in a report on Thursday, April 3rd. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $177.12.

Oracle 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.