Oracle Co. (NYSE:ORCL) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. boosted its stake in Oracle Co. (NYSE:ORCL) by 60.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 142,013 shares of the enterprise software provider’s stock after purchasing an additional 53,667 shares during the period. UMB Bank n.a.’s holdings in Oracle were worth $24,199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Visionary Wealth Advisors boosted its stake in shares of Oracle by 29.5% in the fourth quarter. Visionary Wealth Advisors now owns 10,939 shares of the enterprise software provider’s stock valued at $1,153,000 after purchasing an additional 2,494 shares during the period. Icon Wealth Advisors LLC purchased a new position in Oracle in the 4th quarter valued at approximately $608,000. Hancock Whitney Corp boosted its position in Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares during the period. BOKF NA increased its position in shares of Oracle by 0.6% during the fourth quarter. BOKF NA now owns 102,830 shares of the enterprise software provider’s stock worth $10,841,000 after acquiring an additional 649 shares during the period. Finally, Jacobi Capital Management LLC raised its stake in shares of Oracle by 21.4% in the fourth quarter. Jacobi Capital Management LLC now owns 13,095 shares of the enterprise software provider’s stock valued at $1,381,000 after acquiring an additional 2,310 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,146,320 shares of company stock worth $164,762,400. 42.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ORCL shares. Morgan Stanley boosted their price objective on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. UBS Group boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Sanford C. Bernstein upped their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.42.

Oracle Price Performance

Oracle stock traded down $2.94 during midday trading on Thursday, reaching $175.35. The company’s stock had a trading volume of 1,946,675 shares, compared to its average volume of 8,523,343. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The firm has a market capitalization of $483.24 billion, a PE ratio of 46.99, a P/E/G ratio of 3.09 and a beta of 1.01. The stock’s 50 day simple moving average is $150.03 and its 200 day simple moving average is $136.15.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.91%. Oracle’s dividend payout ratio is presently 43.13%.

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.