CHICAGO TRUST Co NA Sells 2,670 Shares of Oracle Co. (NYSE:ORCL)

CHICAGO TRUST Co NA cut its holdings in Oracle Co. (NYSE:ORCL) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,482 shares of the enterprise software provider’s stock after selling 2,670 shares during the period. Oracle makes up approximately 1.0% of CHICAGO TRUST Co NA’s portfolio, making the stock its 19th biggest position. CHICAGO TRUST Co NA’s holdings in Oracle were worth $5,746,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ORCL. Quest Partners LLC acquired a new position in Oracle during the 2nd quarter valued at about $40,000. Federated Hermes Inc. boosted its stake in shares of Oracle by 412.8% in the 2nd quarter. Federated Hermes Inc. now owns 257,573 shares of the enterprise software provider’s stock worth $36,369,000 after buying an additional 207,340 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Oracle by 138.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 13,088 shares of the enterprise software provider’s stock worth $1,848,000 after buying an additional 7,597 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Oracle by 1.3% in the 2nd quarter. Wealthspire Advisors LLC now owns 19,346 shares of the enterprise software provider’s stock worth $2,732,000 after buying an additional 251 shares during the last quarter. Finally, Williams Financial LLC purchased a new position in shares of Oracle in the 2nd quarter worth approximately $2,647,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Down 0.9 %

NYSE ORCL traded down $1.44 during trading on Monday, hitting $153.06. 3,030,666 shares of the company’s stock traded hands, compared to its average volume of 7,104,329. The stock has a fifty day moving average of $177.62 and a two-hundred day moving average of $161.04. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a 12-month low of $105.42 and a 12-month high of $198.31. The firm has a market cap of $428.10 billion, a P/E ratio of 37.42, a PEG ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 earnings per share. As a group, sell-side analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.05%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. KeyCorp boosted their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Tuesday, December 10th. Morgan Stanley upped their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Finally, Mizuho upped their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.