Oracle Co. (NYSE:ORCL) Shares Sold by CNB Bank

CNB Bank reduced its position in Oracle Co. (NYSE:ORCL) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,342 shares of the enterprise software provider’s stock after selling 170 shares during the quarter. CNB Bank’s holdings in Oracle were worth $1,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC increased its holdings in shares of Oracle by 89.7% in the 4th 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. Reston Wealth Management LLC bought a new position in Oracle in the 3rd quarter worth about $44,000. Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $40,000. Avondale Wealth Management bought a new stake in shares of Oracle during the third quarter valued at approximately $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle during the third quarter worth approximately $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ORCL shares. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. DA Davidson raised their price target on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on shares of Oracle in a report on Friday. They issued an “overweight” rating and a $214.00 price objective for the company. Guggenheim upped their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Performance

ORCL opened at $161.98 on Friday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $453.05 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The stock’s 50 day moving average price is $176.53 and its two-hundred day moving average price is $161.22.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the company earned $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

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

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.