CENTRAL TRUST Co Has $2.27 Million Holdings in Oracle Co. (NYSE:ORCL)

CENTRAL TRUST Co decreased its position in Oracle Co. (NYSE:ORCL – Get Rating) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,097 shares of the enterprise software provider’s stock after selling 323 shares during the quarter. CENTRAL TRUST Co’s holdings in Oracle were worth $2,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp grew its position in shares of Oracle by 0.5% in the third quarter. M&T Bank Corp now owns 1,002,185 shares of the enterprise software provider’s stock valued at $61,202,000 after purchasing an additional 5,074 shares during the last quarter. Advisors Capital Management LLC grew its position in shares of Oracle by 888.4% in the third quarter. Advisors Capital Management LLC now owns 96,898 shares of the enterprise software provider’s stock valued at $7,609,000 after purchasing an additional 87,094 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Oracle by 14.9% in the third quarter. Captrust Financial Advisors now owns 681,336 shares of the enterprise software provider’s stock valued at $41,609,000 after purchasing an additional 88,579 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of Oracle by 1.2% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 54,436 shares of the enterprise software provider’s stock valued at $3,324,000 after purchasing an additional 653 shares during the last quarter. Finally, Kentucky Retirement Systems grew its position in shares of Oracle by 1.8% in the third quarter. Kentucky Retirement Systems now owns 118,905 shares of the enterprise software provider’s stock valued at $7,262,000 after purchasing an additional 2,069 shares during the last quarter. Institutional investors and hedge funds own 40.96% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $82.98 on Thursday. Oracle Co. has a 52 week low of $60.78 and a 52 week high of $91.22. The stock has a market capitalization of $223.73 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.66 and a beta of 1.02. The stock has a fifty day moving average of $87.65 and a 200-day moving average of $79.30.

Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The enterprise software provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The business had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $12.42 billion. Oracle had a negative return on equity of 262.40% and a net margin of 17.46%. Oracle’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. As a group, equities analysts forecast that Oracle Co. will post 3.94 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Tuesday, April 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.93%. This is an increase from Oracle’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, April 10th. Oracle’s dividend payout ratio is presently 42.24%.

Insider Activity at Oracle

In related news, Director Rona Alison Fairhead sold 8,080 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $89.82, for a total value of $725,745.60. Following the completion of the sale, the director now directly owns 11,197 shares in the company, valued at $1,005,714.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 43.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Monness Crespi & Hardt assumed coverage on Oracle in a research report on Tuesday, December 13th. They issued a “buy” rating and a $113.00 target price on the stock. Mizuho reissued a “buy” rating and set a $116.00 price target on shares of Oracle in a research report on Monday, March 6th. Jefferies Financial Group set a $105.00 price target on Oracle in a research report on Friday, March 10th. Cowen reduced their price target on Oracle from $98.00 to $96.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 13th. Finally, Barclays increased their price target on Oracle from $81.00 to $85.00 in a research report on Friday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $95.06.

Oracle Profile

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Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.