Trustmark National Bank Trust Department Reduces Position in Oracle Co. (NYSE:ORCL)

Trustmark National Bank Trust Department reduced its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,646 shares of the enterprise software provider's stock after selling 3,922 shares during the period. Trustmark National Bank Trust Department's holdings in Oracle were worth $4,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider's stock valued at $1,869,816,000 after buying an additional 296,866 shares during the last quarter. Janus Henderson Group PLC grew its position 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 worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Oracle by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider's stock valued at $1,033,430,000 after acquiring an additional 424,500 shares during the period. Ameriprise Financial Inc. raised its position in Oracle by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider's stock valued at $1,015,862,000 after purchasing an additional 66,444 shares during the last quarter. Finally, Boston Partners increased its stake in Oracle by 32.3% in the first quarter. Boston Partners now owns 6,037,100 shares of the enterprise software provider's stock valued at $756,100,000 after purchasing an additional 1,473,734 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

ORCL has been the topic of a number of recent analyst reports. Oppenheimer reiterated a "market perform" rating on shares of Oracle in a research note on Tuesday, September 10th. Jefferies Financial Group increased their target price on Oracle from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, September 16th. Mizuho lifted their price target on Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Barclays increased their price objective on Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. Finally, Sanford C. Bernstein boosted their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a research report on Monday, September 30th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and an average target price of $169.52.

Oracle Trading Up 1.0 %

NYSE:ORCL opened at $190.76 on Thursday. The business's 50-day moving average is $174.39 and its two-hundred day moving average is $148.37. The firm has a market capitalization of $528.61 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 3.48 and a beta of 1.02. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. Research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. Oracle's dividend payout ratio is presently 41.24%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 42,889 shares of the company's stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is currently owned by company insiders.

About Oracle

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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