First Citizens Financial Corp Sells 100 Shares of Oracle Co. (NYSE:ORCL)

First Citizens Financial Corp lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,757 shares of the enterprise software provider’s stock after selling 100 shares during the period. First Citizens Financial Corp’s holdings in Oracle were worth $459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in shares of Oracle by 2.7% during the 3rd 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. Geode Capital Management LLC raised its position in Oracle by 2.6% during 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 purchasing an additional 885,041 shares in the last quarter. Franklin Resources Inc. lifted its stake in Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after purchasing an additional 310,709 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after buying an additional 54,868 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Oracle stock traded up $0.19 during midday trading on Friday, reaching $166.22. 2,266,531 shares of the company traded hands, compared to its average volume of 3,711,868. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a 12 month low of $102.13 and a 12 month high of $198.31. The firm has a market capitalization of $464.91 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 3.39 and a beta of 1.03. The business has a 50 day moving average of $178.77 and a two-hundred day moving average of $159.90.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. As a group, research analysts predict that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, January 9th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ORCL. JPMorgan Chase & Co. increased their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. TD Cowen lifted their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Morgan Stanley upped their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Piper Sandler lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

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.