CHICAGO TRUST Co NA Has $4.03 Million Stake in Oracle Co. (NYSE:ORCL)

CHICAGO TRUST Co NA trimmed its holdings in Oracle Co. (NYSE:ORCLFree Report) by 1.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 32,102 shares of the enterprise software provider’s stock after selling 553 shares during the period. Oracle comprises 0.8% of CHICAGO TRUST Co NA’s holdings, making the stock its 27th biggest position. CHICAGO TRUST Co NA’s holdings in Oracle were worth $4,032,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Oracle during the fourth quarter worth approximately $1,210,181,000. Wellington Management Group LLP increased its stake in shares of Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares during the period. Vanguard Group Inc. increased its stake in shares of Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares during the period. Boston Partners increased its stake in shares of Oracle by 382.4% during the fourth quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after purchasing an additional 3,617,413 shares during the period. Finally, Capital World Investors increased its stake in shares of Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after purchasing an additional 3,323,334 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In related news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the sale, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the sale, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders sold 902,500 shares of company stock valued at $113,708,350 over the last three months. Company insiders own 42.80% of the company’s stock.

Oracle Stock Performance

NYSE ORCL traded down $1.54 on Monday, hitting $139.96. 2,931,857 shares of the stock traded hands, compared to its average volume of 8,558,565. The business’s fifty day moving average is $123.07 and its two-hundred day moving average is $117.11. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $145.32. The firm has a market capitalization of $384.68 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.59 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.71.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the company posted $1.35 earnings per share. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

A number of research firms have commented on ORCL. Piper Sandler raised their price objective on Oracle from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. HSBC raised their price objective on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. raised their price objective on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. KeyCorp raised their price objective on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Finally, Mizuho raised their price objective on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $144.79.

Check Out Our Latest Report on Oracle

Oracle Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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