First National Bank & Trust Co. of Newtown Sells 1,050 Shares of Oracle Co. (NYSE:ORCL)

First National Bank & Trust Co. of Newtown cut its holdings in Oracle Co. (NYSE:ORCL) by 15.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,700 shares of the enterprise software provider’s stock after selling 1,050 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in Oracle were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC grew its position in Oracle by 153.3% in the 4th quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock valued at $1,260,000 after purchasing an additional 7,230 shares during the period. Federated Hermes Inc. boosted its holdings in Oracle by 5.7% during the fourth quarter. Federated Hermes Inc. now owns 48,925 shares of the enterprise software provider’s stock worth $5,158,000 after purchasing an additional 2,620 shares during the last quarter. OLD National Bancorp IN grew its holdings in shares of Oracle by 14.0% in the fourth quarter. OLD National Bancorp IN now owns 27,030 shares of the enterprise software provider’s stock valued at $2,850,000 after acquiring an additional 3,315 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in Oracle in the 4th quarter valued at $3,244,000. Finally, Jennison Associates LLC purchased a new stake in Oracle during the fourth quarter worth about $21,495,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

ORCL traded down $2.07 during midday trading on Thursday, hitting $138.13. The stock had a trading volume of 5,161,343 shares, compared to its average volume of 8,185,519. The company has a market cap of $380.67 billion, a P/E ratio of 37.92, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59. The business has a fifty day moving average of $138.96 and a 200 day moving average of $126.31. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate 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 net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 EPS. As a group, equities analysts forecast that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s payout ratio is 43.13%.

Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock worth $266,776,624 in the last three months. 42.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD Cowen raised their target price on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Sanford C. Bernstein boosted their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Guggenheim reiterated a “buy” rating and set a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. KeyCorp boosted their price target on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Fourteen equities 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.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

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.