Stock Yards Bank & Trust Co. Has $44.64 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Stock Yards Bank & Trust Co. raised its holdings in Oracle Co. (NYSE:ORCL) by 1.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 316,148 shares of the enterprise software provider’s stock after buying an additional 4,354 shares during the quarter. Oracle accounts for about 1.5% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 17th largest position. Stock Yards Bank & Trust Co.’s holdings in Oracle were worth $44,640,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ORCL. Westend Capital Management LLC bought a new stake in shares of Oracle in the first quarter valued at about $25,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the 2nd quarter worth about $35,000. Tidemark LLC acquired a new stake in shares of Oracle during the 4th quarter valued at about $29,000. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Oracle in the 4th quarter valued at approximately $30,000. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is currently owned by company insiders.

Oracle Price Performance

ORCL opened at $170.37 on Tuesday. The company has a fifty day moving average price of $140.35 and a two-hundred day moving average price of $130.57. The firm has a market capitalization of $472.09 billion, a PE ratio of 45.92, a P/E/G ratio of 2.95 and a beta of 1.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $173.99. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s dividend payout ratio is 43.13%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. JMP Securities upgraded Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target on the stock in a research report on Tuesday, September 10th. Argus upped their target price on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Piper Sandler upped their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Morgan Stanley lifted their target price on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

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.