Inspire Trust Co. N.A. Boosts Stock Holdings in Oracle Co. (NYSE:ORCL)

Inspire Trust Co. N.A. grew its stake in shares of Oracle Co. (NYSE:ORCL) by 11.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,729 shares of the enterprise software provider’s stock after buying an additional 3,207 shares during the period. Oracle accounts for approximately 1.4% of Inspire Trust Co. N.A.’s holdings, making the stock its 17th biggest holding. Inspire Trust Co. N.A.’s holdings in Oracle were worth $5,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter valued at $30,000. Quest Partners LLC purchased a new stake in Oracle during the 2nd quarter worth $40,000. Reston Wealth Management LLC acquired a new stake in Oracle in the 3rd quarter valued at $44,000. Finally, Avondale Wealth Management purchased a new position in Oracle in the third quarter valued at about $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ORCL shares. TD Cowen boosted their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Citigroup boosted their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. UBS Group boosted their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday. Twelve investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $183.63.

Oracle Stock Down 1.8 %

Oracle stock opened at $175.28 on Friday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $198.31. The stock has a market cap of $490.25 billion, a price-to-earnings ratio of 42.86, a PEG ratio of 3.32 and a beta of 1.03. The company’s 50-day moving average price is $180.36 and its two-hundred day moving average price is $155.36. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS. On average, analysts expect that Oracle Co. will post 5.17 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be issued a $0.40 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Oracle Company 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.