Oracle Co. (NYSE:ORCL) Shares Purchased by Equitable Trust Co.

Equitable Trust Co. raised its stake in shares of Oracle Co. (NYSE:ORCL) by 15.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,289 shares of the enterprise software provider’s stock after buying an additional 2,610 shares during the quarter. Equitable Trust Co.’s holdings in Oracle were worth $3,287,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter worth $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle during the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the 2nd quarter worth $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Oracle during the 1st quarter worth $38,000. Finally, Quest Partners LLC purchased a new position in shares of Oracle during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. Evercore ISI increased their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Citigroup increased their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Morgan Stanley increased their target price on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Stifel Nicolaus increased their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, Bank of America increased their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Stock Up 1.6 %

Oracle stock opened at $189.29 on Friday. The firm has a market cap of $524.53 billion, a price-to-earnings ratio of 48.79, a P/E/G ratio of 3.34 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $190.16. The firm has a fifty day moving average price of $167.47 and a two-hundred day moving average price of $144.10.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.85%. Oracle’s dividend payout ratio is currently 41.24%.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s 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 completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by company insiders.

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.