Trust Co of Kansas Acquires 753 Shares of Oracle Co. (NYSE:ORCL)

Trust Co of Kansas lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 39.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,666 shares of the enterprise software provider’s stock after buying an additional 753 shares during the period. Trust Co of Kansas’ holdings in Oracle were worth $444,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. TrueWealth Advisors LLC boosted its holdings in Oracle by 8.0% in the fourth quarter. TrueWealth Advisors LLC now owns 4,868 shares of the enterprise software provider’s stock worth $811,000 after purchasing an additional 359 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its stake in Oracle by 19.7% during the 4th quarter. Arthur M. Cohen & Associates LLC now owns 8,915 shares of the enterprise software provider’s stock valued at $1,486,000 after buying an additional 1,470 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Oracle during the 4th quarter valued at $101,000. Brooklyn Investment Group boosted its stake in shares of Oracle by 51.3% in the 4th quarter. Brooklyn Investment Group now owns 20,567 shares of the enterprise software provider’s stock worth $3,427,000 after buying an additional 6,974 shares during the last quarter. Finally, Sax Wealth Advisors LLC grew its holdings in shares of Oracle by 16.3% in the fourth quarter. Sax Wealth Advisors LLC now owns 3,987 shares of the enterprise software provider’s stock worth $664,000 after acquiring an additional 559 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research reports. Stifel Nicolaus raised their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Tuesday, December 10th. Jefferies Financial Group upped their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Evercore ISI lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, KeyCorp upped their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

NYSE:ORCL opened at $161.05 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The stock’s 50 day simple moving average is $176.00 and its two-hundred day simple moving average is $161.21.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the company earned $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s dividend payout ratio 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.