Capital City Trust Co. FL Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Capital City Trust Co. FL grew its stake in Oracle Co. (NYSE:ORCL) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,717 shares of the enterprise software provider’s stock after acquiring an additional 1,400 shares during the quarter. Oracle comprises approximately 1.7% of Capital City Trust Co. FL’s investment portfolio, making the stock its 17th biggest position. Capital City Trust Co. FL’s holdings in Oracle were worth $6,768,000 at the end of the most recent reporting period.

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

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Royal Bank of Canada started coverage on shares of Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price target for the company. Finally, JMP Securities increased their price objective on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $169.52.

Oracle Price Performance

Shares of ORCL opened at $183.74 on Monday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77. The stock has a market cap of $509.15 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. The firm has a fifty day moving average price of $172.14 and a 200 day moving average price of $147.06.

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

Oracle Dividend Announcement

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

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.