Oracle Co. (NYSE:ORCL) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. cut its stake in Oracle Co. (NYSE:ORCL - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 292,528 shares of the enterprise software provider's stock after selling 4,069 shares during the period. Oracle makes up 1.1% of Raymond James Trust N.A.'s investment portfolio, making the stock its 13th largest position. Raymond James Trust N.A.'s holdings in Oracle were worth $49,847,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ORCL. Canada Pension Plan Investment Board lifted its stake in shares of Oracle by 76.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,202,098 shares of the enterprise software provider's stock valued at $150,996,000 after purchasing an additional 519,479 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Oracle during the first quarter valued at approximately $1,584,000. Lazard Asset Management LLC increased its position in shares of Oracle by 81.2% in the first quarter. Lazard Asset Management LLC now owns 1,627,755 shares of the enterprise software provider's stock worth $204,462,000 after acquiring an additional 729,535 shares in the last quarter. Steel Grove Capital Advisors LLC purchased a new position in shares of Oracle in the 1st quarter valued at $347,000. Finally, Kestra Advisory Services LLC raised its stake in shares of Oracle by 23.4% in the 1st quarter. Kestra Advisory Services LLC now owns 189,385 shares of the enterprise software provider's stock valued at $23,789,000 after acquiring an additional 35,855 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ORCL. Bank of America increased their price target on Oracle from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. DA Davidson raised their target price on Oracle from $105.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Citigroup boosted their price target on Oracle from $140.00 to $157.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lifted 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. Finally, Jefferies Financial Group boosted their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $169.52.

Oracle Stock Performance

Shares of NYSE ORCL opened at $192.81 on Friday. 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 firm's 50-day moving average price is $175.02 and its two-hundred day moving average price is $148.68. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The stock has a market capitalization of $534.29 billion, a P/E ratio of 49.69, a P/E/G ratio of 3.48 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. Oracle's dividend payout ratio (DPR) is presently 41.24%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by insiders.

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.

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