Community Bank N.A. Sells 202 Shares of Oracle Co. (NYSE:ORCL)

Community Bank N.A. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 8.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,198 shares of the enterprise software provider’s stock after selling 202 shares during the quarter. Community Bank N.A.’s holdings in Oracle were worth $366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. R Squared Ltd bought a new position in shares of Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC raised its holdings in shares of 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 acquiring an additional 87 shares during the period. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. raised its holdings in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $47,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on ORCL shares. Stephens started coverage on shares of Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective on the stock. Evercore ISI dropped their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Citigroup dropped their price objective on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Guggenheim reiterated a “buy” rating and issued a $220.00 price target on shares of Oracle in a research note on Wednesday, March 5th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.20.

Oracle Stock Performance

Shares of ORCL stock opened at $152.83 on Monday. The company has a market capitalization of $427.45 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50-day simple moving average of $164.87 and a 200 day simple moving average of $170.27. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 EPS. On average, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. Oracle’s payout ratio is presently 46.95%.

Oracle Company 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.