Sageworth Trust Co Lowers Holdings in Oracle Co. (NYSE:ORCL)

Sageworth Trust Co trimmed its holdings in Oracle Co. (NYSE:ORCL) by 17.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,203 shares of the enterprise software provider’s stock after selling 246 shares during the quarter. Sageworth Trust Co’s holdings in Oracle were worth $205,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management lifted its holdings in shares of Oracle by 13.1% in the 1st quarter. Brookstone Capital Management now owns 20,635 shares of the enterprise software provider’s stock valued at $2,592,000 after acquiring an additional 2,383 shares during the last quarter. Transform Wealth LLC bought a new position in Oracle in the 1st quarter valued at $201,000. OneAscent Financial Services LLC increased its position in shares of Oracle by 19.7% during the first quarter. OneAscent Financial Services LLC now owns 4,857 shares of the enterprise software provider’s stock worth $610,000 after acquiring an additional 799 shares during the period. First Dallas Securities Inc. raised its stake in shares of Oracle by 15.0% during the first quarter. First Dallas Securities Inc. now owns 2,300 shares of the enterprise software provider’s stock valued at $289,000 after acquiring an additional 300 shares in the last quarter. Finally, Burns J W & Co. Inc. NY purchased a new stake in shares of Oracle in the 1st quarter worth $203,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ORCL shares. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada started coverage on Oracle in a research note on Wednesday. They set a “sector perform” rating and a $165.00 price objective for the company. KeyCorp raised their price objective on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Jefferies Financial Group increased their price target on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, Citigroup lifted their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Down 0.5 %

ORCL stock traded down $0.86 during mid-day trading on Friday, reaching $173.52. The company had a trading volume of 3,674,717 shares, compared to its average volume of 8,360,906. The firm has a fifty day simple moving average of $160.15 and a 200 day simple moving average of $140.20. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $478.20 billion, a price-to-earnings ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for 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%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS. Analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders 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 0.92%. Oracle’s payout ratio is currently 43.13%.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.80% of the company’s stock.

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.