First American Trust FSB Trims Stock Position in Oracle Co. (NYSE:ORCL)

First American Trust FSB decreased its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,205 shares of the enterprise software provider's stock after selling 18,129 shares during the quarter. Oracle comprises 1.6% of First American Trust FSB's holdings, making the stock its 14th largest position. First American Trust FSB's holdings in Oracle were worth $16,365,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC raised its position 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 purchasing an additional 883 shares during the period. Principal Financial Group Inc. increased 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 acquiring an additional 121,874 shares during the period. United Bank raised its position in Oracle by 4.8% in the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider's stock valued at $1,948,000 after purchasing an additional 519 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in shares of Oracle by 25.1% during the third quarter. Great Valley Advisor Group Inc. now owns 20,026 shares of the enterprise software provider's stock worth $3,412,000 after buying an additional 4,013 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Oracle by 66.3% during the third quarter. Larson Financial Group LLC now owns 4,835 shares of the enterprise software provider's stock worth $824,000 after buying an additional 1,928 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ORCL shares. Morgan Stanley decreased their price target on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 11th. Bank of America decreased their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Evercore ISI dropped their target price on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. JPMorgan Chase & Co. cut their price target on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Cantor Fitzgerald lowered their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $179.20.

Oracle Stock Performance

Shares of Oracle stock traded down $4.30 on Friday, reaching $141.49. 3,651,084 shares of the stock were exchanged, compared to its average volume of 8,522,672. The firm has a market capitalization of $395.73 billion, a PE ratio of 34.52, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The business has a fifty day moving average price of $164.35 and a two-hundred day moving average price of $170.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 EPS. As a group, research analysts anticipate that Oracle Co. will post 5 earnings per share 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 issued a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.41%. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is currently 46.95%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by company insiders.

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.