Oracle Co. (NYSE:ORCL) Shares Sold by AMG National Trust Bank

AMG National Trust Bank decreased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 14.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,926 shares of the enterprise software provider's stock after selling 6,734 shares during the quarter. AMG National Trust Bank's holdings in Oracle were worth $6,974,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock valued at $1,616,855,000 after acquiring an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. raised its holdings in shares of Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider's stock valued at $552,262,000 after acquiring an additional 2,219,450 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Oracle by 97.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider's stock valued at $532,920,000 after acquiring an additional 2,093,893 shares during the last quarter. International Assets Investment Management LLC raised its holdings 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 valued at $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter. Finally, Altshuler Shaham Ltd raised its holdings in shares of Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock valued at $219,224,000 after acquiring an additional 1,526,500 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company's stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of NYSE ORCL traded up $2.01 during midday trading on Monday, reaching $185.75. 6,289,547 shares of the company were exchanged, compared to its average volume of 8,247,291. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $191.77. The stock has a fifty day simple moving average of $173.06 and a 200 day simple moving average of $147.56. The stock has a market cap of $514.72 billion, a P/E ratio of 47.87, a PEG ratio of 3.39 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the company posted $0.95 earnings per share. The business's revenue was up 6.9% on a year-over-year basis. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio is presently 41.24%.

Analyst Ratings Changes

ORCL has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on Oracle from $125.00 to $145.00 and gave the company an "equal weight" rating in a report on Tuesday, September 10th. Bank of America upped their price target on Oracle from $155.00 to $175.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Oppenheimer restated a "market perform" rating on shares of Oracle in a research report on Tuesday, September 10th. Royal Bank of Canada assumed coverage on Oracle in a research report on Wednesday, October 23rd. They issued a "sector perform" rating and a $165.00 price target for the company. Finally, Melius Research upgraded Oracle from a "hold" rating to a "buy" rating in a research report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average price target 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.