Oracle Co. (NYSE:ORCL) Shares Bought by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH boosted its stake in Oracle Co. (NYSE:ORCL) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,063 shares of the enterprise software provider’s stock after acquiring an additional 120 shares during the period. Oracle accounts for 2.4% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 8th largest holding. Trust Co. of Toledo NA OH’s holdings in Oracle were worth $18,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Oracle during the second quarter worth $27,000. Quest Partners LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $40,000. Reston Wealth Management LLC bought a new stake in Oracle in the 3rd quarter valued at about $44,000. Avondale Wealth Management bought a new position in Oracle in the third quarter worth approximately $51,000. Finally, Friedenthal Financial acquired a new stake in Oracle in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ORCL. BMO Capital Markets increased their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. KeyCorp upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Piper Sandler lifted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Trading Down 0.5 %

NYSE ORCL traded down $0.82 on Monday, hitting $153.68. The company’s stock had a trading volume of 2,266,410 shares, compared to its average volume of 6,993,057. 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 Co. has a 52-week low of $105.42 and a 52-week high of $198.31. The firm has a market cap of $429.84 billion, a P/E ratio of 37.57, a PEG ratio of 3.39 and a beta of 1.06. The company’s 50-day simple moving average is $177.62 and its 200 day simple moving average is $161.04.

Oracle (NYSE:ORCL) last issued its earnings results 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the firm posted $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts predict that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 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.