Montecito Bank & Trust Sells 125 Shares of Oracle Co. (NYSE:ORCL)

Montecito Bank & Trust lowered its position in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,195 shares of the enterprise software provider’s stock after selling 125 shares during the period. Montecito Bank & Trust’s holdings in Oracle were worth $1,366,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Fred Alger Management LLC increased its stake in Oracle by 5.4% during the 2nd quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock worth $3,808,000 after acquiring an additional 1,388 shares during the period. AXA S.A. raised its stake in Oracle by 11.0% in the second quarter. AXA S.A. now owns 502,105 shares of the enterprise software provider’s stock valued at $70,897,000 after purchasing an additional 49,694 shares in the last quarter. APG Asset Management US Inc. lifted its position in Oracle by 1.8% during the second quarter. APG Asset Management US Inc. now owns 773,858 shares of the enterprise software provider’s stock worth $110,731,000 after purchasing an additional 13,732 shares during the period. APG Asset Management N.V. grew its stake in Oracle by 6.9% during the second quarter. APG Asset Management N.V. now owns 1,756,152 shares of the enterprise software provider’s stock worth $231,368,000 after buying an additional 114,084 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Oracle by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock valued at $1,015,862,000 after buying an additional 66,444 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. KeyCorp increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Guggenheim upped their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Cantor Fitzgerald began coverage on Oracle in a research report on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price on the stock. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Citigroup upped their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Up 1.0 %

NYSE ORCL opened at $186.08 on Friday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The business has a 50 day moving average price of $174.43 and a 200-day moving average price of $162.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $520.44 billion, a price-to-earnings ratio of 45.50, a P/E/G ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last released 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 business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.34 earnings per share. As a group, equities analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s dividend payout ratio is presently 39.12%.

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.