Intrust Bank NA Trims Stock Holdings in Oracle Co. (NYSE:ORCL)

Intrust Bank NA decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,874 shares of the enterprise software provider’s stock after selling 109 shares during the period. Intrust Bank NA’s holdings in Oracle were worth $4,478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Second Line Capital LLC grew its stake in shares of Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares during the last quarter. Requisite Capital Management LLC boosted its stake in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after purchasing an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. grew its position in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. McLean Asset Management Corp increased its stake in Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after purchasing an additional 61 shares in the last quarter. Finally, Warther Private Wealth LLC raised its holdings in Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after buying an additional 63 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ORCL shares. Evercore ISI reduced their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Stifel Nicolaus decreased their price target on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. KeyCorp reaffirmed an “overweight” rating and set a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. BMO Capital Markets reduced their price objective on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. Finally, UBS Group reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $179.20.

Oracle Stock Performance

Shares of NYSE ORCL opened at $140.75 on Friday. The stock has a market cap of $393.67 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The firm has a fifty day moving average price of $163.94 and a 200-day moving average price of $170.12. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the company posted $1.41 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. Oracle’s payout ratio is currently 46.95%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle 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.