Summit Trail Advisors LLC Has $1.13 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Summit Trail Advisors LLC lowered its position in Oracle Co. (NYSE:ORCL) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,761 shares of the enterprise software provider’s stock after selling 1,284 shares during the quarter. Summit Trail Advisors LLC’s holdings in Oracle were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Oracle by 3.5% in the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after purchasing an additional 635,994 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Oracle by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock worth $1,211,307,000 after buying an additional 61,604 shares during the period. Invesco Ltd. raised its stake in Oracle by 1.1% during the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after buying an additional 89,876 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after acquiring an additional 8,084,067 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, Director George H. Conrades sold 25,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Oracle news, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 835,000 shares of company stock worth $105,189,850. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ORCL. KeyCorp initiated coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group lifted their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Performance

ORCL stock traded up $2.54 during midday trading on Monday, hitting $118.34. The company’s stock had a trading volume of 5,301,334 shares, compared to its average volume of 8,261,409. The stock has a market cap of $325.26 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.32 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock’s 50-day moving average price is $119.91 and its 200 day moving average price is $113.38. Oracle Co. has a 1 year low of $96.10 and a 1 year high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. On average, equities analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

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.