First Western Trust Bank Sells 9,427 Shares of Oracle Co. (NYSE:ORCL)

First Western Trust Bank cut its holdings in Oracle Co. (NYSE:ORCL) by 10.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,778 shares of the enterprise software provider’s stock after selling 9,427 shares during the period. Oracle accounts for 0.6% of First Western Trust Bank’s portfolio, making the stock its 12th largest holding. First Western Trust Bank’s holdings in Oracle were worth $14,446,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Aviso Wealth Management grew its stake in Oracle by 4.4% during the third quarter. Aviso Wealth Management now owns 3,522 shares of the enterprise software provider’s stock valued at $600,000 after acquiring an additional 147 shares in the last quarter. J. W. Coons Advisors LLC boosted its position in shares of Oracle by 1.1% during the third quarter. J. W. Coons Advisors LLC now owns 32,855 shares of the enterprise software provider’s stock valued at $5,599,000 after buying an additional 357 shares during the period. GLOBALT Investments LLC GA bought a new position in Oracle in the 3rd quarter valued at $1,990,000. Taurus Asset Management LLC grew its holdings in shares of Oracle by 22.3% in the third quarter. Taurus Asset Management LLC now owns 2,568 shares of the enterprise software provider’s stock worth $438,000 after purchasing an additional 468 shares during the last quarter. Finally, Richard C. Young & CO. LTD. raised its stake in shares of Oracle by 1.2% during the third quarter. Richard C. Young & CO. LTD. now owns 106,550 shares of the enterprise software provider’s stock valued at $18,156,000 after acquiring an additional 1,253 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. DA Davidson upped their price target on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Evercore ISI increased their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Finally, Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Stock Performance

ORCL opened at $183.74 on Monday. The firm has a market capitalization of $509.15 billion, a PE ratio of 47.36, a PEG ratio of 3.39 and a beta of 1.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $191.77. The firm’s 50-day moving average price is $172.14 and its 200 day moving average price is $147.06.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s payout ratio is 41.24%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

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.