Oracle Co. (NYSE:ORCL) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV grew its stake in shares of Oracle Co. (NYSE:ORCL) by 19.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,346 shares of the enterprise software provider’s stock after acquiring an additional 2,508 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Oracle were worth $2,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Compass Ion Advisors LLC raised its stake in Oracle by 27.4% during the 4th quarter. Compass Ion Advisors LLC now owns 2,468 shares of the enterprise software provider’s stock valued at $260,000 after purchasing an additional 531 shares during the period. International Assets Investment Management LLC increased its stake in shares of Oracle by 26,602.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock worth $132,794,000 after acquiring an additional 1,254,833 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Oracle by 27.6% in the fourth quarter. Arkadios Wealth Advisors now owns 7,804 shares of the enterprise software provider’s stock worth $823,000 after acquiring an additional 1,687 shares during the last quarter. Reliant Investment Management LLC increased its stake in shares of Oracle by 1.9% in the fourth quarter. Reliant Investment Management LLC now owns 34,321 shares of the enterprise software provider’s stock worth $3,618,000 after acquiring an additional 656 shares during the last quarter. Finally, Capital Insight Partners LLC increased its stake in shares of Oracle by 1.6% in the fourth quarter. Capital Insight Partners LLC now owns 38,488 shares of the enterprise software provider’s stock worth $4,058,000 after acquiring an additional 598 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ORCL shares. Bank of America upped their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. TD Cowen upped their price target on shares of Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. BMO Capital Markets increased their target price on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research report on Monday, June 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein increased their target price on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Activity at Oracle

In related news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,907,500 shares of company stock valued at $272,074,924 over the last quarter. Corporate insiders own 42.80% of the company’s stock.

Oracle Price Performance

ORCL traded down $5.38 during midday trading on Monday, reaching $127.90. 10,352,699 shares of the company’s stock were exchanged, compared to its average volume of 8,438,365. The firm has a market capitalization of $352.47 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The business has a 50-day simple moving average of $136.33 and a two-hundred day simple moving average of $124.51.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 EPS. As a group, research analysts predict that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

About Oracle

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.