Crews Bank & Trust Acquires Shares of 10,803 Oracle Co. (NYSE:ORCL)

Crews Bank & Trust bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, Holdings Channel reports. The fund bought 10,803 shares of the enterprise software provider’s stock, valued at approximately $1,800,000.

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

Oracle Price Performance

NYSE ORCL opened at $162.22 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a market cap of $453.71 billion, a PE ratio of 39.66, a PEG ratio of 3.62 and a beta of 1.06. The stock’s 50-day moving average price is $173.36 and its two-hundred day moving average price is $163.03.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s dividend payout ratio is 39.12%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business’s 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 directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research reports. JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Friday, January 24th. DA Davidson lifted their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Friday, December 20th. Finally, Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $182.73.

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.