Oracle Co. (NYSE:ORCL) Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 10.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 11,212 shares of the enterprise software provider’s stock after selling 1,324 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Oracle were worth $1,335,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Oracle by 1.4% in the 1st quarter. BlackRock Inc. now owns 117,130,967 shares of the enterprise software provider’s stock worth $10,883,809,000 after buying an additional 1,618,027 shares in the last quarter. State Street Corp raised its stake in shares of Oracle by 2.6% in the 1st quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock worth $5,815,566,000 after buying an additional 1,570,528 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Oracle by 0.5% in the 1st quarter. Geode Capital Management LLC now owns 27,753,778 shares of the enterprise software provider’s stock worth $2,572,592,000 after buying an additional 136,383 shares in the last quarter. FMR LLC raised its stake in shares of Oracle by 12.2% in the 1st quarter. FMR LLC now owns 24,369,890 shares of the enterprise software provider’s stock worth $2,264,450,000 after buying an additional 2,644,377 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Oracle by 9.6% in the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after buying an additional 1,794,080 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 0.2 %

Shares of ORCL traded up $0.25 during trading hours on Friday, hitting $113.91. 23,215,012 shares of the company were exchanged, compared to its average volume of 13,743,533. The company has a market cap of $312.09 billion, a PE ratio of 33.90, a PEG ratio of 2.97 and a beta of 1.00. The firm’s 50 day moving average is $117.28 and its 200-day moving average is $106.26. Oracle Co. has a 52 week low of $60.78 and a 52 week high of $127.54. The company has a debt-to-equity ratio of 29.72, a quick ratio of 0.91 and a current ratio of 0.87.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The business had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Co. will post 4.49 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. Oracle’s dividend payout ratio is presently 47.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ORCL shares. Bank of America boosted their target price on Oracle from $112.00 to $132.00 in a research report on Tuesday, June 13th. VNET Group reissued a “maintains” rating on shares of Oracle in a research report on Tuesday, June 13th. Morgan Stanley upped their price target on Oracle from $105.00 to $106.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 12th. KeyCorp upped their price target on Oracle from $105.00 to $120.00 in a research report on Friday, June 9th. Finally, StockNews.com started coverage on Oracle in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Twelve research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.06.

Insider Buying and Selling

In related news, insider Edward Screven sold 354,837 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total transaction of $43,783,337.43. Following the completion of the transaction, the insider now owns 2,543,033 shares of the company’s stock, valued at approximately $313,784,841.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Oracle news, insider Edward Screven sold 354,837 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total value of $43,783,337.43. Following the completion of the transaction, the insider now owns 2,543,033 shares of the company’s stock, valued at approximately $313,784,841.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Maria Smith sold 1,320 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $116.78, for a total value of $154,149.60. Following the completion of the transaction, the executive vice president now directly owns 20,280 shares of the company’s stock, valued at approximately $2,368,298.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,949,837 shares of company stock valued at $482,142,887. Insiders own 43.70% of the company’s stock.

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.