Stock Yards Bank & Trust Co. Cuts Stock Position in Oracle Co. (NYSE:ORCL)

Stock Yards Bank & Trust Co. reduced its holdings in Oracle Co. (NYSE:ORCL) by 1.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 311,996 shares of the enterprise software provider’s stock after selling 4,152 shares during the period. Oracle comprises approximately 1.7% of Stock Yards Bank & Trust Co.’s portfolio, making the stock its 13th biggest holding. Stock Yards Bank & Trust Co.’s holdings in Oracle were worth $53,164,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ORCL. Sculati Wealth Management LLC raised its stake in shares of Oracle by 0.6% in the third quarter. Sculati Wealth Management LLC now owns 29,352 shares of the enterprise software provider’s stock valued at $5,002,000 after acquiring an additional 171 shares during the period. Tudor Financial Inc. purchased a new stake in Oracle in the 3rd quarter worth about $1,531,000. Westside Investment Management Inc. lifted its stake in Oracle by 0.6% in the third quarter. Westside Investment Management Inc. now owns 14,961 shares of the enterprise software provider’s stock worth $2,499,000 after purchasing an additional 86 shares during the last quarter. Second Line Capital LLC boosted its position in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after buying an additional 58 shares during the period. Finally, TCW Group Inc. grew its stake in shares of Oracle by 3.2% during the third quarter. TCW Group Inc. now owns 108,124 shares of the enterprise software provider’s stock valued at $18,424,000 after buying an additional 3,333 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of NYSE ORCL opened at $178.58 on Thursday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company’s fifty day moving average price is $180.19 and its 200 day moving average price is $155.22. The company has a market capitalization of $494.86 billion, a PE ratio of 46.03, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 EPS. On average, research analysts predict that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, January 9th. Oracle’s dividend payout ratio is presently 41.24%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Finally, BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% 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.