Cape ANN Savings Bank Has $970,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Cape ANN Savings Bank grew its stake in shares of Oracle Co. (NYSE:ORCL) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,820 shares of the enterprise software provider’s stock after acquiring an additional 65 shares during the period. Cape ANN Savings Bank’s holdings in Oracle were worth $970,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Colonial River Investments LLC bought a new position in Oracle during the fourth quarter valued at approximately $767,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Oracle during the 4th quarter worth $3,962,000. World Equity Group Inc. raised its holdings in shares of Oracle by 108.9% during the 4th quarter. World Equity Group Inc. now owns 8,304 shares of the enterprise software provider’s stock valued at $1,384,000 after purchasing an additional 4,329 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its stake in shares of Oracle by 6.7% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 48,008 shares of the enterprise software provider’s stock valued at $8,000,000 after purchasing an additional 3,023 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its holdings in Oracle by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 10,013 shares of the enterprise software provider’s stock worth $1,669,000 after purchasing an additional 517 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Trading Down 4.6 %

Shares of Oracle stock opened at $167.92 on Monday. The company’s fifty day moving average price is $168.99 and its two-hundred day moving average price is $167.58. The firm has a market capitalization of $469.66 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. Oracle Co. has a 52-week low of $109.66 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 EPS. On average, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ORCL. Mizuho raised their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Citigroup upped their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald downgraded shares of Oracle to an “overweight” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.