Perkins Coie Trust Co Lowers Stock Holdings in Oracle Co. (NYSE:ORCL)

Perkins Coie Trust Co lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 0.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 38,476 shares of the enterprise software provider’s stock after selling 275 shares during the period. Oracle makes up about 1.2% of Perkins Coie Trust Co’s investment portfolio, making the stock its 24th largest position. Perkins Coie Trust Co’s holdings in Oracle were worth $5,379,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Capital & Planning LLC boosted its stake in shares of Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after acquiring an additional 81 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Oracle during the 4th quarter worth approximately $51,084,000. Revolve Wealth Partners LLC boosted its stake in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after acquiring an additional 404 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its stake in shares of Oracle by 5.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 7,448 shares of the enterprise software provider’s stock worth $1,241,000 after acquiring an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.8%

ORCL stock opened at $174.22 on Friday. The company has a market cap of $487.29 billion, a price-to-earnings ratio of 42.60, a PEG ratio of 3.46 and a beta of 1.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a fifty day simple moving average of $147.20 and a 200-day simple moving average of $160.67. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the company posted $1.41 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.15%. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s dividend payout ratio is 46.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Morgan Stanley cut their price objective on Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Mizuho cut their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Finally, Barclays cut their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.42.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company’s stock.

Oracle Company 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.