Community Bank & Trust Waco Texas Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Community Bank & Trust Waco Texas grew its stake in shares of Oracle Co. (NYSE:ORCL) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,926 shares of the enterprise software provider’s stock after acquiring an additional 337 shares during the period. Community Bank & Trust Waco Texas’ holdings in Oracle were worth $1,468,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Orion Capital Management LLC purchased a new stake in shares of Oracle in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the third quarter worth $27,000. Cornerstone Planning Group LLC raised its position in shares of Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its stake in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. HSBC increased their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Piper Sandler reduced their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. The Goldman Sachs Group increased their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Oppenheimer assumed coverage on Oracle in a research note on Thursday, April 18th. They set a “market perform” rating on the stock. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Down 0.8 %

Shares of ORCL stock traded down $0.94 during trading hours on Wednesday, hitting $114.15. 2,037,913 shares of the company’s stock traded hands, compared to its average volume of 8,451,350. The stock’s fifty day simple moving average is $119.23 and its two-hundred day simple moving average is $113.03. Oracle Co. has a 12-month low of $93.29 and a 12-month high of $132.77. The stock has a market cap of $313.74 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.30 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the business earned $0.96 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. On average, analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. Oracle’s payout ratio is 42.22%.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.80% of the company’s stock.

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.