Indiana Trust & Investment Management CO Cuts Stake in Oracle Co. (NYSE:ORCL)

Indiana Trust & Investment Management CO reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 5.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 32,861 shares of the enterprise software provider’s stock after selling 1,884 shares during the period. Oracle makes up about 1.2% of Indiana Trust & Investment Management CO’s holdings, making the stock its 15th largest holding. Indiana Trust & Investment Management CO’s holdings in Oracle were worth $2,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Proffitt & Goodson Inc. grew its holdings in Oracle by 1.0% during the 4th quarter. Proffitt & Goodson Inc. now owns 16,722 shares of the enterprise software provider’s stock valued at $1,082,000 after buying an additional 166 shares in the last quarter. Cable Hill Partners LLC boosted its position in shares of Oracle by 1.2% during the 4th quarter. Cable Hill Partners LLC now owns 14,839 shares of the enterprise software provider’s stock valued at $960,000 after acquiring an additional 175 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Oracle by 5.1% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,707 shares of the enterprise software provider’s stock valued at $239,000 after acquiring an additional 181 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in shares of Oracle by 0.4% during the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 48,426 shares of the enterprise software provider’s stock valued at $3,133,000 after acquiring an additional 189 shares during the last quarter. Finally, Capital Asset Advisory Services LLC boosted its position in shares of Oracle by 4.1% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 4,887 shares of the enterprise software provider’s stock valued at $292,000 after acquiring an additional 191 shares during the last quarter. 47.54% of the stock is owned by institutional investors and hedge funds.

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Friday, March 5th. The stock was sold at an average price of $70.03, for a total value of $28,012,000.00. Following the transaction, the insider now owns 400,000 shares in the company, valued at $28,012,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rona Alison Fairhead bought 2,530 shares of the business’s stock in a transaction on Tuesday, March 16th. The stock was bought at an average price of $68.00 per share, for a total transaction of $172,040.00. Following the purchase, the director now directly owns 8,450 shares of the company’s stock, valued at $574,600. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 3,763,000 shares of company stock worth $251,378,960. Insiders own 39.10% of the company’s stock.

ORCL stock traded up $1.00 during midday trading on Thursday, reaching $75.07. The company’s stock had a trading volume of 317,576 shares, compared to its average volume of 12,720,444. The company has a debt-to-equity ratio of 7.37, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a fifty day simple moving average of $67.54 and a two-hundred day simple moving average of $62.24. Oracle Co. has a 1 year low of $50.86 and a 1 year high of $74.89. The firm has a market capitalization of $216.47 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.79 and a beta of 0.76.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.11 by $0.05. The firm had revenue of $10.09 billion for the quarter, compared to analyst estimates of $10.07 billion. Oracle had a return on equity of 101.26% and a net margin of 26.34%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share. As a group, analysts forecast that Oracle Co. will post 3.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 22nd. Stockholders of record on Thursday, April 8th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, April 7th. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. This is a positive change from Oracle’s previous quarterly dividend of $0.24. Oracle’s dividend payout ratio (DPR) is currently 27.75%.

A number of research analysts have recently commented on the company. Credit Suisse Group increased their target price on Oracle from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, March 17th. Bank of America assumed coverage on Oracle in a research report on Wednesday, December 16th. They set a “neutral” rating and a $68.00 target price for the company. Jefferies Financial Group set a $65.00 target price on Oracle and gave the company a “neutral” rating in a research report on Thursday, March 11th. Evercore ISI assumed coverage on Oracle in a research report on Monday, March 22nd. They set an “in-line” rating and a $66.00 target price for the company. Finally, Cowen raised their price target on Oracle from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, March 8th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $70.04.

Oracle Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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