Missouri Trust & Investment Co Purchases 2,210 Shares of Oracle Co. (NYSE:ORCL)

Missouri Trust & Investment Co boosted its position in Oracle Co. (NYSE:ORCL) by 18.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,300 shares of the enterprise software provider’s stock after purchasing an additional 2,210 shares during the quarter. Missouri Trust & Investment Co’s holdings in Oracle were worth $1,508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP increased its holdings in Oracle by 2.9% in the 3rd quarter. Allworth Financial LP now owns 33,826 shares of the enterprise software provider’s stock worth $3,583,000 after purchasing an additional 962 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in Oracle by 22.0% during the third quarter. Orion Portfolio Solutions LLC now owns 138,617 shares of the enterprise software provider’s stock worth $14,682,000 after purchasing an additional 24,955 shares during the period. Congress Asset Management Co. MA grew its stake in Oracle by 2.2% during the third quarter. Congress Asset Management Co. MA now owns 113,802 shares of the enterprise software provider’s stock worth $12,054,000 after purchasing an additional 2,454 shares during the period. Beaumont Financial Advisors LLC grew its stake in Oracle by 2.2% during the third quarter. Beaumont Financial Advisors LLC now owns 11,801 shares of the enterprise software provider’s stock worth $1,250,000 after purchasing an additional 259 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Oracle by 1.8% in the third quarter. Daiwa Securities Group Inc. now owns 152,573 shares of the enterprise software provider’s stock worth $16,161,000 after acquiring an additional 2,700 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other Oracle news, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Insiders sold a total of 880,000 shares of company stock valued at $110,488,150 in the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. KeyCorp started coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. HSBC boosted their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. The Goldman Sachs Group boosted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Trading Up 1.1 %

ORCL traded up $1.34 during midday trading on Friday, reaching $123.50. 6,179,367 shares of the company’s stock traded hands, compared to its average volume of 6,325,513. Oracle Co. has a 52 week low of $97.29 and a 52 week high of $132.77. The stock has a market capitalization of $339.44 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 2.48 and a beta of 1.03. The firm has a fifty day moving average of $121.27 and a two-hundred day moving average of $114.46. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

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.