Citizens & Northern Corp Has $2.54 Million Stock Position in Oracle Co. (NYSE:ORCL)

Citizens & Northern Corp lowered its position in shares of Oracle Co. (NYSE:ORCL) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,232 shares of the enterprise software provider’s stock after selling 2,261 shares during the quarter. Oracle makes up about 0.7% of Citizens & Northern Corp’s investment portfolio, making the stock its 26th largest position. Citizens & Northern Corp’s holdings in Oracle were worth $2,538,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. R Squared Ltd bought a new stake in Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC grew its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the period. TFC Financial Management Inc. increased its stake in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at approximately $44,000. Finally, Synergy Asset Management LLC bought a new position in Oracle during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 0.2 %

ORCL stock opened at $173.50 on Tuesday. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The business’s 50 day simple moving average is $169.33 and its 200 day simple moving average is $165.99. 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 market capitalization of $485.27 billion, a PE ratio of 42.42, a PEG ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 earnings per share. As a group, research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. DA Davidson increased their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Guggenheim boosted their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. Evercore ISI lifted their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus increased their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.