Adirondack Trust Co. Has $987,000 Stake in Oracle Co. (NYSE:ORCL)

Adirondack Trust Co. decreased its holdings in Oracle Co. (NYSE:ORCLFree Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,837 shares of the enterprise software provider’s stock after selling 198 shares during the quarter. Adirondack Trust Co.’s holdings in Oracle were worth $987,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invst LLC lifted its stake in shares of Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after purchasing an additional 86 shares during the period. Nemes Rush Group LLC lifted its stake in shares of Oracle by 1.2% in the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after purchasing an additional 86 shares during the period. Avidian Wealth Solutions LLC lifted its stake in shares of Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after purchasing an additional 90 shares during the period. Sovereign Financial Group Inc. lifted its stake in shares of Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after purchasing an additional 90 shares during the period. Finally, Godshalk Welsh Capital Management Inc. lifted its stake in shares of Oracle by 0.3% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after purchasing an additional 90 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ORCL shares. BMO Capital Markets boosted their price objective on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday. Mizuho boosted their target price on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer assumed coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, UBS Group boosted their target price on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $144.79.

Check Out Our Latest Stock Report on Oracle

Oracle Stock Performance

Oracle stock traded up $2.19 during trading on Tuesday, hitting $143.50. The stock had a trading volume of 3,096,989 shares, compared to its average volume of 8,476,008. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $144.10. The company has a quick ratio of 0.85, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The stock’s 50 day moving average is $121.38 and its two-hundred day moving average is $116.30. The stock has a market cap of $394.41 billion, a price-to-earnings ratio of 38.72, a price-to-earnings-growth ratio of 2.47 and a beta of 1.01.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 EPS. As a group, analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. Oracle’s dividend payout ratio is currently 43.13%.

Insiders Place Their Bets

In related news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the sale, the director now owns 87,473 shares in the company, valued at $10,299,071.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the sale, the director now owns 87,473 shares in the company, valued at $10,299,071.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock worth $110,488,150 over the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Oracle Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.