Busey Trust CO Grows Position in Oracle Co. (ORCL)

Busey Trust CO raised its holdings in Oracle Co. (NYSE:ORCL) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 235,726 shares of the enterprise software provider’s stock after purchasing an additional 3,549 shares during the quarter. Oracle accounts for about 1.1% of Busey Trust CO’s holdings, making the stock its 29th biggest position. Busey Trust CO’s holdings in Oracle were worth $12,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Pittenger & Anderson Inc. boosted its stake in shares of Oracle by 1.8% during the 3rd quarter. Pittenger & Anderson Inc. now owns 74,109 shares of the enterprise software provider’s stock worth $3,821,000 after acquiring an additional 1,334 shares in the last quarter. Rathbone Brothers plc purchased a new stake in shares of Oracle during the 3rd quarter worth approximately $215,000. MAI Capital Management boosted its stake in shares of Oracle by 1.0% during the 3rd quarter. MAI Capital Management now owns 157,164 shares of the enterprise software provider’s stock worth $8,103,000 after acquiring an additional 1,535 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Oracle by 81.2% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 17,175 shares of the enterprise software provider’s stock worth $886,000 after acquiring an additional 7,699 shares in the last quarter. Finally, Kiley Juergens Wealth Management LLC boosted its stake in shares of Oracle by 70.9% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock worth $141,000 after acquiring an additional 1,140 shares in the last quarter. 53.43% of the stock is currently owned by institutional investors.

Shares of Oracle stock opened at $47.38 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43. Oracle Co. has a 1 year low of $42.57 and a 1 year high of $53.48. The company has a market cap of $213.44 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.72 and a beta of 1.14.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.26 billion. During the same period in the previous year, the firm posted $0.62 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 3.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, October 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.60%. Oracle’s dividend payout ratio is currently 26.95%.

Oracle declared that its Board of Directors has authorized a stock buyback plan on Monday, September 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to repurchase up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

ORCL has been the topic of several research analyst reports. KeyCorp reissued a “hold” rating on shares of Oracle in a research note on Friday, June 15th. Credit Suisse Group set a $60.00 price target on Oracle and gave the stock a “buy” rating in a research note on Monday, June 18th. Wedbush lowered Oracle from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $49.00 in a research note on Wednesday, June 20th. Stifel Nicolaus decreased their price target on Oracle from $53.00 to $50.00 and set a “hold” rating on the stock in a research note on Wednesday, June 20th. Finally, UBS Group lowered Oracle from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $53.00 to $48.00 in a research note on Wednesday, June 20th. Sixteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $53.92.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $47.77, for a total value of $179,137.50. Following the completion of the transaction, the director now directly owns 27,969 shares in the company, valued at approximately $1,336,079.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 131,696 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the transaction, the executive vice president now owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The disclosure for this sale can be found here. Insiders have sold a total of 184,196 shares of company stock valued at $9,235,790 over the last 90 days. Insiders own 32.00% of the company’s stock.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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