Oracle Co. (NYSE:ORCL) Shares Sold by Arlington Trust Co LLC

Arlington Trust Co LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 14.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,842 shares of the enterprise software provider’s stock after selling 1,535 shares during the quarter. Arlington Trust Co LLC’s holdings in Oracle were worth $1,248,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Contour Asset Management LLC boosted its stake in Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after acquiring an additional 643,490 shares during the period. Hancock Whitney Corp boosted its position in Oracle by 12.7% during the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after purchasing an additional 3,291 shares during the period. Heritage Wealth Advisors grew its stake in Oracle by 0.6% during the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after buying an additional 109 shares during the last quarter. Seven Mile Advisory increased its position in Oracle by 10.6% in the fourth quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock worth $552,000 after buying an additional 502 shares during the period. Finally, Goelzer Investment Management Inc. lifted its stake in Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ORCL. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. JMP Securities restated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Argus lifted their price target on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. TD Cowen increased their price objective on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. raised their target price on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the sale, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last ninety days. 42.80% of the stock is currently owned by company insiders.

Oracle Trading Down 0.6 %

Shares of NYSE:ORCL opened at $141.81 on Friday. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The stock has a market capitalization of $390.81 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The company has a 50 day moving average price of $138.72 and a 200 day moving average price of $128.47.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. On average, research analysts anticipate that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio is presently 43.13%.

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.