Hickory Point Bank & Trust Invests $442,000 in Oracle Co. (NYSE:ORCL)

Hickory Point Bank & Trust purchased a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,655 shares of the enterprise software provider’s stock, valued at approximately $442,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp increased its position in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after acquiring an additional 885,041 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Oracle by 0.5% in the fourth quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock valued at $2,998,798,000 after buying an additional 97,635 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after buying an additional 54,868 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Evercore ISI upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $166.09 on Friday. The company has a market capitalization of $464.55 billion, a price-to-earnings ratio of 40.61, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. Oracle Co. has a 52 week low of $110.36 and a 52 week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a 50 day moving average of $168.93 and a 200 day moving average of $168.60.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.34 earnings per share. On average, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.96%. Oracle’s dividend payout ratio is presently 39.12%.

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.