Citizens National Bank Trust Department boosted its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,733 shares of the enterprise software provider’s stock after buying an additional 1,274 shares during the period. Citizens National Bank Trust Department’s holdings in Oracle were worth $4,751,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after buying an additional 3,513,464 shares during the period. Northern Trust Corp grew its stake in shares of Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock worth $2,760,048,000 after purchasing an additional 120,889 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Oracle by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock valued at $1,941,195,000 after acquiring an additional 59,164 shares during the last quarter. Amundi lifted its position in shares of Oracle by 3.3% during the 1st quarter. Amundi now owns 12,736,855 shares of the enterprise software provider’s stock worth $1,749,280,000 after buying an additional 409,691 shares during the last quarter. Finally, Polen Capital Management LLC boosted its holdings in shares of Oracle by 17.6% in the 1st quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider’s stock valued at $1,762,878,000 after buying an additional 1,885,370 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.
Oracle Stock Performance
NYSE:ORCL opened at $284.46 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm’s fifty day simple moving average is $264.10 and its 200-day simple moving average is $207.36. The stock has a market cap of $810.94 billion, a PE ratio of 65.85, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53.
Oracle Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle’s payout ratio is currently 46.30%.
Insider Transactions at Oracle
In related news, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the sale, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Parrett sold 11,500 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the sale, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. The trade was a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,314 shares of company stock valued at $31,272,223 in the last three months. 40.90% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Rothschild & Co Redburn initiated coverage on shares of Oracle in a research note on Thursday, September 25th. They set a “sell” rating and a $175.00 price target on the stock. Guggenheim increased their price objective on Oracle from $250.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Citigroup reaffirmed an “outperform” rating on shares of Oracle in a report on Wednesday, September 10th. Westpark Capital increased their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Oracle in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.71.
Check Out Our Latest Report on ORCL
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.
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