Oracle Co. (NYSE:ORCL) Shares Purchased by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,485 shares of the enterprise software provider’s stock after acquiring an additional 241 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Oracle were worth $2,747,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Oracle during the 4th quarter worth $25,000. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% in the 4th 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 period. TFC Financial Management Inc. lifted its position in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares during the last quarter. Reston Wealth Management LLC purchased a new position in Oracle during the third quarter worth about $44,000. Finally, Synergy Asset Management LLC purchased a new position in Oracle during the fourth quarter worth about $47,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on ORCL. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. KeyCorp lifted their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Guggenheim lifted their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Evercore ISI lifted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Up 1.1 %

NYSE:ORCL opened at $174.08 on Friday. The stock has a 50-day simple moving average of $169.94 and a 200-day simple moving average of $165.29. The stock has a market cap of $486.89 billion, a P/E ratio of 42.56, a P/E/G ratio of 3.39 and a beta of 1.05. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. 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 (NYSE:ORCL) last announced 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). The business had revenue of $14.06 billion during 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%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.34 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio is presently 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.