Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Oracle Co. (NYSE:ORCL) by 81.2% during the third quarter, HoldingsChannel reports. The firm owned 17,175 shares of the enterprise software provider’s stock after acquiring an additional 7,699 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Oracle were worth $886,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Aristotle Atlantic Partners LLC raised its stake in Oracle by 35.2% during the 1st quarter. Aristotle Atlantic Partners LLC now owns 8,880 shares of the enterprise software provider’s stock worth $406,000 after acquiring an additional 2,311 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Oracle by 37.7% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,171 shares of the enterprise software provider’s stock worth $191,000 after acquiring an additional 1,141 shares in the last quarter. First Foundation Advisors raised its stake in Oracle by 0.9% during the 1st quarter. First Foundation Advisors now owns 731,925 shares of the enterprise software provider’s stock worth $33,486,000 after acquiring an additional 6,726 shares in the last quarter. Princeton Portfolio Strategies Group LLC increased its stake in Oracle by 8.5% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 17,639 shares of the enterprise software provider’s stock valued at $807,000 after purchasing an additional 1,375 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Oracle by 5.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,667,675 shares of the enterprise software provider’s stock valued at $76,296,000 after purchasing an additional 86,963 shares during the period. Institutional investors and hedge funds own 53.43% of the company’s stock.

A number of research firms have commented on ORCL. Credit Suisse Group restated a “buy” rating and issued a $60.00 price objective on shares of Oracle in a research note on Tuesday, September 18th. Wedbush restated a “neutral” rating and issued a $49.00 price objective on shares of Oracle in a research note on Tuesday, September 18th. Royal Bank of Canada lifted their price objective on shares of Oracle from $52.00 to $53.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 18th. KeyCorp restated a “hold” rating on shares of Oracle in a research note on Wednesday, September 12th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $55.00 price objective on shares of Oracle in a research note on Tuesday, September 18th. Sixteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $53.92.

In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $49.42, for a total value of $185,325.00. Following the sale, the director now owns 27,969 shares of the company’s stock, valued at $1,382,227.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 45,000 shares of Oracle stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at approximately $1,345,029.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,196 shares of company stock worth $9,235,790. Insiders own 32.00% of the company’s stock.

Shares of NYSE:ORCL opened at $47.38 on Friday. The stock has a market capitalization of $213.44 billion, a PE ratio of 16.80, a PEG ratio of 1.72 and a beta of 1.14. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a fifty-two week low of $42.57 and a fifty-two week high of $53.48.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.26 billion. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. On average, equities analysts predict that Oracle Co. will post 3.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, October 15th. Oracle’s payout ratio is 26.95%.

Oracle announced that its board has approved a share repurchase program on Monday, September 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to reacquire up to 5.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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