BTC Capital Management Inc. Has $577,000 Stock Position in Oracle Co. (NYSE:ORCL)

BTC Capital Management Inc. decreased its position in Oracle Co. (NYSE:ORCL) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,498 shares of the enterprise software provider’s stock after selling 285 shares during the period. BTC Capital Management Inc.’s holdings in Oracle were worth $577,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Clear Investment Research LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $25,000. NewSquare Capital LLC lifted its position in shares of Oracle by 843.3% during the 1st quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 253 shares during the period. Steward Financial Group LLC acquired a new stake in Oracle during the 4th quarter valued at $27,000. Quintet Private Bank Europe S.A. acquired a new stake in Oracle during the 1st quarter valued at $30,000. Finally, Altshuler Shaham Ltd acquired a new stake in Oracle during the 1st quarter valued at $32,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Down 1.5 %

NYSE ORCL opened at $112.22 on Tuesday. The business has a fifty day moving average price of $117.28 and a two-hundred day moving average price of $106.40. The company has a debt-to-equity ratio of 29.72, a current ratio of 0.87 and a quick ratio of 0.87. Oracle Co. has a fifty-two week low of $60.78 and a fifty-two week high of $127.54. The stock has a market capitalization of $307.46 billion, a PE ratio of 33.40, a PEG ratio of 2.98 and a beta of 1.00.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Oracle had a negative return on equity of 470.73% and a net margin of 18.40%. The firm had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts expect that Oracle Co. will post 4.49 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, October 11th. Oracle’s payout ratio is 47.62%.

Insider Activity

In related news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total value of $211,662,500.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $138,576,328,095.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Maria Smith sold 3,680 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $115.00, for a total value of $423,200.00. Following the completion of the sale, the executive vice president now directly owns 16,600 shares in the company, valued at $1,909,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total value of $211,662,500.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $138,576,328,095.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,845,000 shares of company stock worth $222,934,550. Insiders own 43.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORCL. Morgan Stanley raised their price target on Oracle from $105.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday, September 12th. Monness Crespi & Hardt cut Oracle from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 12th. DZ Bank raised Oracle from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Thursday, September 14th. The Goldman Sachs Group raised Oracle from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $120.00 in a research note on Tuesday, June 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Oracle from $120.00 to $135.00 in a research note on Tuesday, June 13th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.06.

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.