Community Trust & Investment Co. Invests $208,000 in Oracle Co. (NYSE:ORCL)

Community Trust & Investment Co. purchased a new stake in Oracle Co. (NYSE:ORCL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,750 shares of the enterprise software provider’s stock, valued at approximately $208,000.

A number of other hedge funds also recently modified their holdings of ORCL. Clear Investment Research LLC acquired a new stake in Oracle during the 4th quarter valued at approximately $25,000. NewSquare Capital LLC raised its position in Oracle by 843.3% in the 1st quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 253 shares during the last quarter. Steward Financial Group LLC purchased a new stake in Oracle in the 4th quarter valued at about $27,000. Quintet Private Bank Europe S.A. bought a new position in Oracle during the first quarter valued at about $30,000. Finally, Altshuler Shaham Ltd bought a new position in Oracle during the first quarter valued at $32,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 0.2 %

ORCL traded up $0.20 during trading hours on Tuesday, reaching $112.41. 2,686,953 shares of the company’s stock traded hands, compared to its average volume of 9,121,521. The firm has a 50-day moving average price of $117.28 and a 200 day moving average price of $106.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 29.72. The firm has a market capitalization of $307.98 billion, a PE ratio of 33.36, a PEG ratio of 2.98 and a beta of 1.00. Oracle Co. has a 52-week low of $60.78 and a 52-week high of $127.54.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $12.45 billion during the quarter, compared to analyst estimates of $12.48 billion. Oracle had a negative return on equity of 470.73% and a net margin of 18.40%. Oracle’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 4.49 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.42%. Oracle’s payout ratio is currently 47.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Evercore ISI upped their price target on Oracle from $125.00 to $131.00 and gave the company an “in-line” rating in a research report on Tuesday, September 12th. Wolfe Research increased their price target on shares of Oracle from $130.00 to $140.00 in a research report on Tuesday, June 13th. Citigroup raised their target price on shares of Oracle from $121.00 to $138.00 and gave the stock a “neutral” rating in a report on Monday, September 11th. HSBC assumed coverage on Oracle in a report on Friday. They set a “buy” rating and a $144.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Oracle from $120.00 to $135.00 in a research note on Tuesday, June 13th. Twelve investment 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.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $123.06.

Insider Buying and Selling

In other news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $120.95, for a total value of $211,662,500.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $138,576,328,095.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total value of $211,662,500.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $138,576,328,095.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 1,320 shares of Oracle stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $116.78, for a total value of $154,149.60. Following the sale, 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. Insiders sold a total of 1,845,000 shares of company stock valued at $222,934,550 over the last three months. 43.70% of the stock is owned by company insiders.

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.