Hickory Point Bank & Trust Takes Position in Oracle Co. (NYSE:ORCL)

Hickory Point Bank & Trust acquired a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,655 shares of the enterprise software provider’s stock, valued at approximately $442,000.

A number of other institutional investors have also modified their holdings of ORCL. Franklin Resources Inc. grew its stake in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after buying an additional 1,917,416 shares in the last quarter. State Street Corp grew its stake in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Oracle by 3,805.0% in the fourth quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock valued at $161,069,000 after buying an additional 941,819 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Oracle by 279.7% in the fourth quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock valued at $201,759,000 after buying an additional 891,842 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after buying an additional 885,041 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on ORCL shares. Cantor Fitzgerald cut Oracle to an “overweight” rating in a research note on Monday, February 10th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. JMP Securities reissued a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Citigroup boosted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, UBS Group upped their price objective on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 0.8 %

NYSE ORCL opened at $166.09 on Friday. Oracle Co. has a 12 month low of $110.36 and a 12 month high of $198.31. The company has a 50-day moving average of $168.93 and a 200-day moving average of $168.60. The company has a market cap of $464.55 billion, a P/E ratio of 40.61, a P/E/G ratio of 3.46 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the business earned $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.