City Holding Co. Buys 1,845 Shares of Oracle Co. (NYSE:ORCL)

City Holding Co. lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,499 shares of the enterprise software provider’s stock after acquiring an additional 1,845 shares during the period. City Holding Co.’s holdings in Oracle were worth $4,416,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC grew its position in Oracle by 97.7% during the 2nd quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider’s stock worth $7,912,000 after acquiring an additional 27,685 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Oracle by 36.0% during the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock valued at $20,856,000 after acquiring an additional 39,107 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Oracle by 6.9% in the second quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider’s stock worth $13,527,000 after purchasing an additional 6,215 shares during the last quarter. Summit Trail Advisors LLC raised its position in Oracle by 30.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 15,296 shares of the enterprise software provider’s stock valued at $2,160,000 after purchasing an additional 3,554 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Oracle by 1.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,325,265 shares of the enterprise software provider’s stock worth $469,527,000 after buying an additional 53,809 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ORCL shares. JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Tuesday, December 10th. Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Evercore ISI upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Piper Sandler raised 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. Finally, Stifel Nicolaus increased 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Up 0.9 %

ORCL opened at $161.05 on Monday. The company has a fifty day moving average of $175.44 and a two-hundred day moving average of $161.46. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The stock has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company 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 business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 earnings per share. On average, research analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

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.