Oracle Co. (NYSE:ORCL) Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR reduced its stake in Oracle Co. (NYSE:ORCL - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,546 shares of the enterprise software provider's stock after selling 4,604 shares during the period. Oracle accounts for about 3.5% of Pioneer Trust Bank N A OR's investment portfolio, making the stock its 8th biggest holding. Pioneer Trust Bank N A OR's holdings in Oracle were worth $13,922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in ORCL. R Squared Ltd bought a new stake in shares of Oracle during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its stake in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares during the period. Synergy Investment Management LLC acquired a new position in shares of Oracle during the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. lifted its position in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares during the period. Finally, Synergy Asset Management LLC bought a new position in Oracle during the fourth quarter valued at about $47,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was 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. This represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,448,328 shares of company stock worth $453,791,001 in the last quarter. 42.20% of the stock is owned by corporate insiders.

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Oracle Stock Performance

NYSE:ORCL traded down $9.06 during mid-day trading on Friday, reaching $128.17. The company's stock had a trading volume of 14,968,758 shares, compared to its average volume of 9,111,905. The firm's fifty day moving average price is $160.05 and its two-hundred day moving average price is $169.33. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The stock has a market cap of $358.48 billion, a P/E ratio of 31.34, a PEG ratio of 3.46 and a beta of 1.22. 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 posted 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). The firm had revenue of $14.13 billion during 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%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 EPS. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently declared 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. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. Oracle's dividend payout ratio is presently 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent analyst reports. JMP Securities reissued a "market outperform" rating and set a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. DA Davidson restated a "neutral" rating and set a $150.00 price target on shares of Oracle in a report on Tuesday, March 11th. BNP Paribas upgraded Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Evercore ISI lowered their price objective on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, BMO Capital Markets cut their target price on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research note on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $178.65.

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.