Pioneer Trust Bank N A OR Buys 3,645 Shares of Oracle Co. (NYSE:ORCL)

Pioneer Trust Bank N A OR lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,090 shares of the enterprise software provider’s stock after buying an additional 3,645 shares during the period. Oracle makes up approximately 3.0% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 9th biggest holding. Pioneer Trust Bank N A OR’s holdings in Oracle were worth $10,131,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Orion Capital Management LLC acquired a new position in Oracle during the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the third quarter worth about $27,000. Cornerstone Planning Group LLC grew its holdings in Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares during the period. Finally, EdgeRock Capital LLC purchased a new position in Oracle during the fourth quarter valued at approximately $38,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL traded down $0.60 on Thursday, reaching $116.79. 1,839,737 shares of the company were exchanged, compared to its average volume of 8,134,701. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1-year low of $96.26 and a 1-year high of $132.77. The company has a 50-day moving average of $120.19 and a 200-day moving average of $113.57. The firm has a market cap of $321.00 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. Equities analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. Oracle’s dividend payout ratio (DPR) is 42.22%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ORCL. HSBC lifted their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. KeyCorp initiated coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday. Finally, BMO Capital Markets upped their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Insiders sold 880,000 shares of company stock worth $110,488,150 in the last ninety days. Insiders own 42.80% of the company’s stock.

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.