Oracle Co. (NYSE:ORCL) Shares Acquired by Independence Bank of Kentucky

Independence Bank of Kentucky boosted its stake in Oracle Co. (NYSE:ORCL) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,605 shares of the enterprise software provider’s stock after purchasing an additional 2,447 shares during the period. Oracle makes up about 0.8% of Independence Bank of Kentucky’s investment portfolio, making the stock its 23rd biggest holding. Independence Bank of Kentucky’s holdings in Oracle were worth $5,267,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its stake in Oracle by 20.6% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 18,513 shares of the enterprise software provider’s stock worth $3,155,000 after buying an additional 3,167 shares during the period. Czech National Bank grew its stake in shares of Oracle by 7.2% during the third quarter. Czech National Bank now owns 325,610 shares of the enterprise software provider’s stock valued at $55,484,000 after acquiring an additional 21,832 shares in the last quarter. Canandaigua National Bank & Trust Co. grew its stake in shares of Oracle by 10.7% during the third quarter. Canandaigua National Bank & Trust Co. now owns 73,812 shares of the enterprise software provider’s stock valued at $12,578,000 after acquiring an additional 7,159 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Oracle by 2.1% during the third quarter. Park Avenue Securities LLC now owns 23,743 shares of the enterprise software provider’s stock worth $4,046,000 after acquiring an additional 495 shares during the last quarter. Finally, Capital Market Strategies LLC lifted its stake in shares of Oracle by 4.2% in the third quarter. Capital Market Strategies LLC now owns 2,991 shares of the enterprise software provider’s stock worth $510,000 after acquiring an additional 120 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 0.3 %

ORCL opened at $169.91 on Friday. The stock’s 50 day moving average price is $171.89 and its 200 day moving average price is $163.26. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $475.24 billion, a P/E ratio of 41.54, a P/E/G ratio of 3.19 and a beta of 1.06. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.34 earnings per share. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of several analyst reports. UBS Group lifted their price objective on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Guggenheim boosted their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Cantor Fitzgerald initiated coverage on shares of Oracle in a research report on Friday, January 17th. They set an “overweight” rating and a $214.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus 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.