10,803 Shares in Oracle Co. (NYSE:ORCL) Purchased by Crews Bank & Trust

Crews Bank & Trust purchased a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,803 shares of the enterprise software provider’s stock, valued at approximately $1,800,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Oracle in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the period. Reston Wealth Management LLC purchased a new position in Oracle in the third quarter valued at about $44,000. Synergy Asset Management LLC acquired a new stake in shares of Oracle during the 4th quarter valued at approximately $47,000. Finally, Avondale Wealth Management purchased a new stake in shares of Oracle during the 3rd quarter worth approximately $51,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $162.22 on Thursday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The firm’s 50 day moving average is $173.36 and its two-hundred day moving average is $163.03. The company has a market cap of $453.71 billion, a P/E ratio of 39.66, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $14.12 billion. During the same period last year, the business posted $1.34 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORCL. BMO Capital Markets boosted their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Stifel Nicolaus raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.