Members Trust Co Decreases Stock Position in Oracle Co. (NYSE:ORCL)

Members Trust Co lowered its stake in Oracle Co. (NYSE:ORCL) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,410 shares of the enterprise software provider’s stock after selling 266 shares during the period. Members Trust Co’s holdings in Oracle were worth $411,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Scarborough Advisors LLC bought a new stake in shares of Oracle in the fourth quarter worth about $65,000. SageView Advisory Group LLC boosted its position in Oracle by 18.2% during the 4th quarter. SageView Advisory Group LLC now owns 12,812 shares of the enterprise software provider’s stock valued at $1,463,000 after acquiring an additional 1,975 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Oracle by 103.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,039 shares of the enterprise software provider’s stock valued at $215,000 after acquiring an additional 1,038 shares in the last quarter. Trust Co. of Toledo NA OH lifted its holdings in shares of Oracle by 3.4% during the first quarter. Trust Co. of Toledo NA OH now owns 106,361 shares of the enterprise software provider’s stock valued at $13,360,000 after purchasing an additional 3,487 shares during the last quarter. Finally, Insight Wealth Strategies LLC lifted its holdings in shares of Oracle by 5.0% during the first quarter. Insight Wealth Strategies LLC now owns 13,586 shares of the enterprise software provider’s stock valued at $1,707,000 after purchasing an additional 651 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL traded down $1.59 during midday trading on Tuesday, hitting $174.53. 3,550,413 shares of the company traded hands, compared to its average volume of 8,491,139. The firm has a 50 day moving average of $152.60 and a 200-day moving average of $137.28. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $480.98 billion, a price-to-earnings ratio of 47.04, a PEG ratio of 3.29 and a beta of 1.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm 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 business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 EPS. On average, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is 43.13%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. KeyCorp boosted their price objective on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Citigroup boosted their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, UBS Group boosted their target price on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $167.42.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 42.80% of the stock is currently owned by corporate 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.