Oracle Co. (NYSE:ORCL) Shares Sold by AMG National Trust Bank

AMG National Trust Bank lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 14.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,926 shares of the enterprise software provider’s stock after selling 6,734 shares during the quarter. AMG National Trust Bank’s holdings in Oracle were worth $6,974,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Edgestream Partners L.P. grew its stake in shares of Oracle by 91.7% in the first quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock valued at $1,730,000 after buying an additional 6,587 shares in the last quarter. Covestor Ltd grew its position in Oracle by 35.3% in the first quarter. Covestor Ltd now owns 1,329 shares of the enterprise software provider’s stock valued at $167,000 after acquiring an additional 347 shares in the last quarter. Safeguard Investment Advisory Group LLC purchased a new stake in shares of Oracle during the first quarter valued at approximately $221,000. Capitolis Liquid Global Markets LLC acquired a new position in shares of Oracle during the first quarter worth $21,705,000. Finally, Lake Street Advisors Group LLC boosted its stake in shares of Oracle by 70.7% in the first quarter. Lake Street Advisors Group LLC now owns 29,537 shares of the enterprise software provider’s stock valued at $3,710,000 after purchasing an additional 12,234 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 1.8 %

Oracle stock opened at $183.74 on Monday. The firm has a 50-day moving average price of $172.14 and a two-hundred day moving average price of $147.06. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77. The firm has a market capitalization of $509.15 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 3.39 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. Sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Barclays lifted their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group lifted their price objective on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Citigroup upped their target price on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

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.