Trust Co of the South Has $456,000 Stock Position in Oracle Co. (NYSE:ORCL)

Trust Co of the South grew its position in shares of Oracle Co. (NYSE:ORCL) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,736 shares of the enterprise software provider’s stock after purchasing an additional 622 shares during the quarter. Trust Co of the South’s holdings in Oracle were worth $456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management increased its holdings in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares during the last quarter. Second Line Capital LLC increased its stake in Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares during the last quarter. Cadence Bank raised its position in Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares during the period. Eagle Rock Investment Company LLC lifted its stake in shares of Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares during the last quarter. Finally, W Advisors LLC boosted its holdings in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

NYSE ORCL traded down $0.99 during trading hours on Thursday, reaching $165.65. The company’s stock had a trading volume of 2,744,908 shares, compared to its average volume of 8,338,902. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The firm has a market capitalization of $463.32 billion, a price-to-earnings ratio of 40.50, a P/E/G ratio of 3.39 and a beta of 1.03. The company’s 50-day moving average is $178.93 and its two-hundred day moving average is $159.86. Oracle Co. has a 1-year low of $101.74 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. On average, equities analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be issued a $0.40 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ORCL shares. Bank of America increased their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. BMO Capital Markets raised their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. TD Cowen upped their price objective on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JMP Securities reiterated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Tuesday, December 10th. Finally, Barclays upped their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

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.