Diversified Trust Co Acquires 9,271 Shares of Oracle Co. (NYSE:ORCL)

Diversified Trust Co increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,311 shares of the enterprise software provider’s stock after buying an additional 9,271 shares during the period. Diversified Trust Co’s holdings in Oracle were worth $6,051,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ORCL. Canandaigua National Bank & Trust Co. lifted its stake in Oracle by 2.2% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 75,417 shares of the enterprise software provider’s stock valued at $12,567,000 after buying an additional 1,605 shares during the period. Kozak & Associates Inc. raised its position in shares of Oracle by 5.5% in the 4th quarter. Kozak & Associates Inc. now owns 1,564 shares of the enterprise software provider’s stock valued at $260,000 after acquiring an additional 82 shares during the period. Neville Rodie & Shaw Inc. boosted its stake in Oracle by 3.0% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 173,290 shares of the enterprise software provider’s stock worth $28,877,000 after acquiring an additional 5,084 shares during the last quarter. Burkett Financial Services LLC grew its holdings in Oracle by 23.9% during the fourth quarter. Burkett Financial Services LLC now owns 1,328 shares of the enterprise software provider’s stock valued at $221,000 after purchasing an additional 256 shares during the period. Finally, Central Pacific Bank Trust Division increased its stake in Oracle by 16.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 22,996 shares of the enterprise software provider’s stock valued at $3,832,000 after purchasing an additional 3,284 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ORCL. BMO Capital Markets boosted their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, September 16th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Performance

NYSE ORCL traded down $1.84 during trading on Tuesday, reaching $163.85. 2,285,544 shares of the company’s stock were exchanged, compared to its average volume of 5,033,889. Oracle Co. has a fifty-two week low of $102.13 and a fifty-two week high of $198.31. The stock has a market capitalization of $458.28 billion, a P/E ratio of 40.06, a PEG ratio of 3.39 and a beta of 1.06. The business has a 50 day moving average price of $178.48 and a 200-day moving average price of $160.45. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the company posted $1.34 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be paid a $0.40 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

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.