Oracle Co. (NYSE:ORCL) Shares Bought by Montecito Bank & Trust

Montecito Bank & Trust grew its stake in Oracle Co. (NYSE:ORCL) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,320 shares of the enterprise software provider’s stock after acquiring an additional 291 shares during the quarter. Montecito Bank & Trust’s holdings in Oracle were worth $1,418,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ORCL. GSA Capital Partners LLP purchased a new position in Oracle in the first quarter worth approximately $920,000. Concord Investment Counsel Inc. purchased a new position in shares of Oracle during the 1st quarter worth $478,000. CFO4Life Group LLC purchased a new stake in Oracle in the 1st quarter valued at about $306,000. Empirical Finance LLC raised its holdings in Oracle by 4.4% in the 1st quarter. Empirical Finance LLC now owns 46,347 shares of the enterprise software provider’s stock valued at $5,822,000 after buying an additional 1,937 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Oracle by 31.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,159 shares of the enterprise software provider’s stock worth $15,847,000 after buying an additional 29,963 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. Citigroup boosted their price target on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. 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. JMP Securities raised their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. DA Davidson raised their target price on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Stock Up 5.5 %

ORCL opened at $181.24 on Thursday. Oracle Co. has a one year low of $99.26 and a one year high of $182.10. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $502.23 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 3.12 and a beta of 1.02. The business’s 50-day simple moving average is $165.58 and its 200-day simple moving average is $143.29.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is currently owned by company insiders.

Oracle 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.