BRYN MAWR TRUST Co Decreases Stake in Oracle Co. (NYSE:ORCL)

BRYN MAWR TRUST Co reduced its position in Oracle Co. (NYSE:ORCLGet Rating) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,707 shares of the enterprise software provider’s stock after selling 3,790 shares during the period. BRYN MAWR TRUST Co’s holdings in Oracle were worth $4,422,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Bellwether Advisors LLC raised its position in Oracle by 115.6% during the third quarter. Bellwether Advisors LLC now owns 291 shares of the enterprise software provider’s stock valued at $25,000 after purchasing an additional 156 shares during the period. Level Financial Advisors Inc. bought a new position in shares of Oracle during the fourth quarter valued at approximately $28,000. Evolution Advisers Inc. bought a new position in shares of Oracle during the fourth quarter valued at approximately $33,000. Outfitter Financial LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $43,000. Finally, PSI Advisors LLC bought a new position in shares of Oracle during the third quarter valued at approximately $44,000. Institutional investors own 42.33% of the company’s stock.

Shares of NYSE:ORCL traded up $0.44 during trading on Friday, reaching $71.17. 6,700,124 shares of the company’s stock traded hands, compared to its average volume of 6,576,138. Oracle Co. has a fifty-two week low of $68.97 and a fifty-two week high of $106.34. The firm has a market cap of $189.89 billion, a PE ratio of 27.27, a P/E/G ratio of 2.22 and a beta of 0.87. The company has a 50-day simple moving average of $78.25 and a 200-day simple moving average of $84.37.

Oracle (NYSE:ORCLGet Rating) last posted its earnings results on Thursday, March 10th. The enterprise software provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.06). Oracle had a net margin of 18.08% and a negative return on equity of 383.80%. The business had revenue of $10.51 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the business earned $1.03 earnings per share. Oracle’s revenue was up 4.2% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 4.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 21st. Investors of record on Friday, April 8th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.80%. The ex-dividend date was Thursday, April 7th. Oracle’s payout ratio is 49.04%.

In related news, Director Renee Jo James sold 6,000 shares of Oracle stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $84.11, for a total value of $504,660.00. Following the sale, the director now directly owns 41,886 shares in the company, valued at approximately $3,523,031.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 39.10% of the company’s stock.

Several research analysts recently issued reports on ORCL shares. Jefferies Financial Group set a $80.00 price objective on Oracle in a research note on Tuesday, March 15th. Bank of America dropped their price objective on Oracle from $105.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, March 11th. BMO Capital Markets dropped their price objective on Oracle from $115.00 to $92.00 and set a “market perform” rating on the stock in a research note on Friday, March 11th. Exane BNP Paribas raised Oracle from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 29th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Oracle in a research note on Wednesday, March 9th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of “Hold” and a consensus target price of $93.09.

About Oracle (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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