Oracle Corporation $ORCL Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA trimmed its stake in Oracle Corporation (NYSE:ORCLFree Report) by 8.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,358 shares of the enterprise software provider’s stock after selling 3,085 shares during the quarter. Oracle comprises 1.3% of CHICAGO TRUST Co NA’s portfolio, making the stock its 15th largest position. CHICAGO TRUST Co NA’s holdings in Oracle were worth $9,100,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ORCL. Kampmann Melissa S. increased its holdings in shares of Oracle by 0.3% during the 3rd quarter. Kampmann Melissa S. now owns 11,910 shares of the enterprise software provider’s stock worth $3,350,000 after buying an additional 35 shares during the last quarter. McLean Asset Management Corp increased its stake in Oracle by 0.7% during the third quarter. McLean Asset Management Corp now owns 5,319 shares of the enterprise software provider’s stock worth $1,551,000 after acquiring an additional 36 shares during the last quarter. Snider Financial Group raised its holdings in shares of Oracle by 1.3% in the 2nd quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock worth $701,000 after purchasing an additional 40 shares during the period. SNS Financial Group LLC lifted its stake in shares of Oracle by 0.9% in the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after purchasing an additional 42 shares in the last quarter. Finally, PKS Advisory Services LLC grew its holdings in shares of Oracle by 1.9% during the 2nd quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock worth $483,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, Director Jeffrey Berg sold 49,365 shares of Oracle stock in a transaction dated 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 trade represents a 24.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the business’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total value of $11,065,600.00. Following the completion of the sale, the chief executive officer directly owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. This represents a 20.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 155,190 shares of company stock worth $45,279,001 over the last 90 days. Company insiders own 40.90% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $192.41 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The business has a 50 day moving average price of $234.97 and a two-hundred day moving average price of $242.58. The firm has a market cap of $552.83 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 1.73 and a beta of 1.66.

Oracle (NYSE:ORCLGet Free Report) last released its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The company had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same period in the prior year, the business posted $1.47 EPS. The business’s revenue was up 14.2% on a year-over-year basis. Sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, January 9th. Oracle’s dividend payout ratio is 37.59%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JMP Securities restated a “market outperform” rating and issued a $342.00 price target on shares of Oracle in a report on Friday, October 17th. Rothschild Redb raised shares of Oracle to a “strong sell” rating in a research note on Thursday, September 25th. DA Davidson decreased their price target on shares of Oracle from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Rothschild & Co Redburn initiated coverage on Oracle in a report on Thursday, September 25th. They issued a “sell” rating and a $175.00 price target for the company. Finally, Sanford C. Bernstein reduced their price objective on Oracle from $364.00 to $339.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $307.72.

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About Oracle

(Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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