VeraBank N.A. Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

VeraBank N.A. reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,026 shares of the enterprise software provider’s stock after selling 400 shares during the period. VeraBank N.A.’s holdings in Oracle were worth $1,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in ORCL. Principal Financial Group Inc. grew its holdings in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares during the last quarter. McClarren Financial Advisors Inc. lifted its position in Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after acquiring an additional 1,069 shares during the period. RMR Wealth Builders grew its stake in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares during the period. Finally, Crews Bank & Trust purchased a new position in shares of Oracle in the fourth quarter worth about $1,800,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Oracle Trading Down 0.2 %

ORCL stock opened at $173.50 on Friday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The business’s 50-day moving average is $169.33 and its 200 day moving average is $165.59. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $485.27 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the firm earned $1.34 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. KeyCorp raised their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Stifel Nicolaus upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Piper Sandler lifted their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.