Summit Trail Advisors LLC Has $4.20 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Summit Trail Advisors LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 23.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,172 shares of the enterprise software provider’s stock after acquiring an additional 4,831 shares during the quarter. Summit Trail Advisors LLC’s holdings in Oracle were worth $4,195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Arlington Trust Co LLC grew its holdings in Oracle by 15.4% during the 4th quarter. Arlington Trust Co LLC now owns 10,243 shares of the enterprise software provider’s stock worth $1,707,000 after acquiring an additional 1,366 shares during the last quarter. Equitable Trust Co. grew its holdings in Oracle by 84.9% during the 4th quarter. Equitable Trust Co. now owns 35,665 shares of the enterprise software provider’s stock worth $5,943,000 after acquiring an additional 16,376 shares during the last quarter. Soltis Investment Advisors LLC boosted its stake in shares of Oracle by 15.3% in the 4th quarter. Soltis Investment Advisors LLC now owns 32,343 shares of the enterprise software provider’s stock valued at $5,390,000 after purchasing an additional 4,294 shares during the last quarter. Elser Financial Planning Inc bought a new stake in shares of Oracle in the 4th quarter valued at $756,000. Finally, Opal Wealth Advisors LLC boosted its stake in shares of Oracle by 4.7% in the 4th quarter. Opal Wealth Advisors LLC now owns 4,634 shares of the enterprise software provider’s stock valued at $772,000 after purchasing an additional 207 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets upped their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Friday, December 20th. Jefferies Financial Group increased their target price on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Evercore ISI increased their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

ORCL opened at $178.97 on Tuesday. The firm has a market cap of $500.58 billion, a P/E ratio of 43.76, a PEG ratio of 3.39 and a beta of 1.05. The firm has a 50-day moving average of $170.42 and a 200 day moving average of $164.68. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for 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 quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. On average, research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. Oracle’s dividend payout ratio is presently 39.12%.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 42.20% of the company’s stock.

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.