Community Bank & Trust Waco Texas Acquires 72 Shares of Oracle Co. (NYSE:ORCL)

Community Bank & Trust Waco Texas grew its position in Oracle Co. (NYSE:ORCL) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,763 shares of the enterprise software provider’s stock after acquiring an additional 72 shares during the period. Community Bank & Trust Waco Texas’ holdings in Oracle were worth $2,627,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wealth Group Ltd. acquired a new stake in Oracle during the 3rd quarter worth about $222,000. Retirement Planning Group LLC grew its holdings in Oracle by 9.1% during the 3rd quarter. Retirement Planning Group LLC now owns 3,281 shares of the enterprise software provider’s stock worth $559,000 after acquiring an additional 273 shares during the period. Exchange Traded Concepts LLC grew its holdings in Oracle by 157.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock worth $782,000 after acquiring an additional 2,802 shares during the period. Koshinski Asset Management Inc. grew its holdings in Oracle by 6.7% during the 3rd quarter. Koshinski Asset Management Inc. now owns 10,276 shares of the enterprise software provider’s stock worth $1,751,000 after acquiring an additional 641 shares during the period. Finally, Gilman Hill Asset Management LLC acquired a new stake in Oracle during the 3rd quarter worth about $212,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 2.6 %

Oracle stock opened at $178.97 on Tuesday. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The firm has a market capitalization of $500.58 billion, a price-to-earnings ratio of 43.76, a P/E/G ratio of 3.39 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a 50 day simple moving average of $170.42 and a 200 day simple moving average of $164.68.

Oracle (NYSE:ORCL) last released 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 firm 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 firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ORCL shares. Stifel Nicolaus raised their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. UBS Group raised their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Mizuho raised their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. DA Davidson raised their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. 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 note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on 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 $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 42.20% of the stock is currently owned by insiders.

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.