Kentucky Trust Co Invests $442,000 in Oracle Co. (NYSE:ORCL)

Kentucky Trust Co acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,652 shares of the enterprise software provider’s stock, valued at approximately $442,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC increased its holdings in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth approximately $44,000. Synergy Asset Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $47,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle during the 3rd quarter worth approximately $51,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of ORCL stock opened at $177.18 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The company has a market cap of $495.57 billion, a P/E ratio of 43.32, a P/E/G ratio of 3.39 and a beta of 1.05. The business has a fifty day simple moving average of $170.37 and a 200 day simple moving average of $164.97.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm 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%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 earnings per share. On average, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.90%. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent analyst reports. Piper Sandler boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Guggenheim boosted their target price on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. KeyCorp upped their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.