Bank of Stockton Sells 133 Shares of Oracle Co. (NYSE:ORCL)

Bank of Stockton lessened its holdings in Oracle Co. (NYSE:ORCL) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,528 shares of the enterprise software provider’s stock after selling 133 shares during the quarter. Bank of Stockton’s holdings in Oracle were worth $2,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC boosted its stake 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 valued at $31,000 after purchasing an additional 87 shares in the last quarter. TFC Financial Management Inc. boosted 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 purchasing an additional 120 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at $44,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $47,000. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

NYSE ORCL opened at $176.01 on Friday. The business has a 50 day simple moving average of $169.10 and a 200 day simple moving average of $166.74. Oracle Co. has a 52-week low of $106.51 and a 52-week 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. The stock has a market cap of $492.30 billion, a price-to-earnings ratio of 43.04, a PEG ratio of 3.57 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the company posted $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. 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. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. UBS Group upped their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research report on Friday, December 20th. Finally, 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 report on Thursday, December 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

About Oracle

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.