Bath Savings Trust Co Has $1.13 Million Holdings in Oracle Co. (NYSE:ORCL)

Bath Savings Trust Co trimmed its holdings in Oracle Co. (NYSE:ORCL) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,760 shares of the enterprise software provider’s stock after selling 158 shares during the period. Bath Savings Trust Co’s holdings in Oracle were worth $1,126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Activest Wealth Management grew its holdings in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares in the last quarter. Second Line Capital LLC lifted its position in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after purchasing an additional 58 shares during the last quarter. Cadence Bank grew its stake in Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after purchasing an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC boosted its stake in shares of Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares in the last quarter. Finally, W Advisors LLC lifted its position in shares of Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after buying an additional 64 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Oracle stock traded down $2.91 during trading hours on Tuesday, hitting $162.78. The stock had a trading volume of 3,760,078 shares, compared to its average volume of 5,411,683. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The stock’s fifty day moving average is $178.48 and its two-hundred day moving average is $160.45. Oracle Co. has a 1-year low of $102.13 and a 1-year high of $198.31. The stock has a market capitalization of $455.29 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 earnings per share. As a group, analysts predict that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ORCL. Morgan Stanley boosted their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Mizuho boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

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.