First Bank & Trust Sells 62 Shares of Oracle Co. (NYSE:ORCL)

First Bank & Trust lowered its stake in Oracle Co. (NYSE:ORCL) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,125 shares of the enterprise software provider’s stock after selling 62 shares during the quarter. First Bank & Trust’s holdings in Oracle were worth $532,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Eagle Rock Investment Company LLC raised its holdings in Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after buying an additional 64 shares during the last quarter. Versant Capital Management Inc increased its position in Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after purchasing an additional 65 shares during the period. Trust Point Inc. increased its position in Oracle by 0.5% during the 3rd quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after purchasing an additional 66 shares during the period. First International Bank & Trust increased its position in Oracle by 1.8% during the 3rd quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock valued at $636,000 after purchasing an additional 67 shares during the period. Finally, Adirondack Trust Co. increased its position in Oracle by 0.8% during the 3rd quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock valued at $1,472,000 after purchasing an additional 67 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL traded down $0.86 during mid-day trading on Friday, reaching $173.52. 3,674,717 shares of the company’s stock were exchanged, compared to its average volume of 8,360,906. The firm has a 50-day moving average price of $160.15 and a two-hundred day moving average price of $140.20. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The firm has a market capitalization of $478.20 billion, a price-to-earnings ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ORCL. JPMorgan Chase & Co. raised their price objective on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Piper Sandler raised their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. DA Davidson raised their price objective on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Finally, Mizuho raised their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.80% of the stock is currently owned by 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.