Glenview Trust co Has $64.68 Million Position in Oracle Corporation $ORCL

Glenview Trust co raised its holdings in Oracle Corporation (NYSE:ORCL) by 3.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 295,848 shares of the enterprise software provider’s stock after purchasing an additional 9,469 shares during the period. Oracle makes up 1.1% of Glenview Trust co’s portfolio, making the stock its 22nd biggest position. Glenview Trust co’s holdings in Oracle were worth $64,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Snider Financial Group raised its position in Oracle by 1.3% in the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock worth $701,000 after purchasing an additional 40 shares in the last quarter. SNS Financial Group LLC raised its holdings in shares of Oracle by 0.9% in the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock worth $1,070,000 after buying an additional 42 shares in the last quarter. PKS Advisory Services LLC lifted its position in shares of Oracle by 1.9% during the 2nd quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock worth $483,000 after buying an additional 42 shares during the period. Reyes Financial Architecture Inc. boosted its stake in Oracle by 7.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock valued at $141,000 after buying an additional 43 shares in the last quarter. Finally, Creative Capital Management Investments LLC grew its position in Oracle by 5.7% in the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock valued at $174,000 after acquiring an additional 43 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Shares of Oracle stock opened at $223.27 on Thursday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $249.32 and a 200 day simple moving average of $240.90. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm has a market cap of $636.50 billion, a P/E ratio of 51.68, a P/E/G ratio of 2.51 and a beta of 1.66.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. Sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s dividend payout ratio is 46.30%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORCL. Barclays dropped their price objective on Oracle from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday. Cowen reissued a “buy” rating on shares of Oracle in a report on Thursday, December 4th. William Blair reaffirmed an “outperform” rating on shares of Oracle in a research note on Friday, October 17th. Melius Research raised their price objective on shares of Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Finally, Piper Sandler reduced their target price on Oracle from $380.00 to $290.00 and set an “overweight” rating on the stock in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $314.27.

Insiders Place Their Bets

In other Oracle news, Director William G. Parrett sold 11,500 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. This represents a 39.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the transaction, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. This trade represents a 20.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 204,254 shares of company stock valued at $60,227,807 over the last 90 days. Corporate insiders own 40.90% 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.