25,367 Shares in Oracle Corporation $ORCL Acquired by Caldwell Trust Co

Caldwell Trust Co bought a new stake in shares of Oracle Corporation (NYSE:ORCL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,367 shares of the enterprise software provider’s stock, valued at approximately $5,546,000.

Several other hedge funds have also recently added to or reduced their stakes in ORCL. Swiss National Bank boosted its holdings in shares of Oracle by 7.6% during the 2nd quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock worth $1,113,526,000 after buying an additional 360,000 shares in the last quarter. Private Wealth Asset Management LLC lifted its position in shares of Oracle by 9.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock valued at $835,000 after acquiring an additional 321 shares during the period. Soltis Investment Advisors LLC boosted its stake in Oracle by 4.8% during the second quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock worth $7,201,000 after acquiring an additional 1,515 shares in the last quarter. Cascade Investment Group Inc. acquired a new stake in Oracle in the second quarter worth $239,000. Finally, Lockerman Financial Group Inc. bought a new stake in Oracle in the second quarter valued at $328,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. Redburn Partners set a $175.00 price objective on shares of Oracle in a research report on Thursday, September 25th. Mizuho increased their price target on Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Sanford C. Bernstein reduced their price objective on Oracle from $364.00 to $339.00 and set an “outperform” rating for the company in a research note on Thursday. JMP Securities reaffirmed a “market outperform” rating and set a $342.00 target price on shares of Oracle in a research report on Friday, October 17th. Finally, Bank of America cut their target price on Oracle from $368.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $301.57.

Insider Transactions at Oracle

In related news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares in the company, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Berg sold 49,365 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total value of $13,971,282.30. Following the completion of the transaction, the director directly owned 151,999 shares in the company, valued at approximately $43,018,756.98. This represents a 24.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 171,513 shares of company stock worth $50,397,893. 40.90% of the stock is owned by insiders.

Oracle Trading Down 4.6%

NYSE ORCL opened at $189.64 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28. The business has a fifty day simple moving average of $245.58 and a 200 day simple moving average of $241.93. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The firm has a market capitalization of $544.86 billion, a P/E ratio of 35.65, a PEG ratio of 1.82 and a beta of 1.66.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The firm had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. During the same quarter in the prior year, the business posted $1.47 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. Oracle’s dividend payout ratio (DPR) is currently 37.59%.

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.