Field & Main Bank Buys 65 Shares of Oracle Co. (NYSE:ORCL)

Field & Main Bank grew its stake in Oracle Co. (NYSE:ORCL) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,895 shares of the enterprise software provider’s stock after purchasing an additional 65 shares during the period. Oracle makes up about 1.1% of Field & Main Bank’s portfolio, making the stock its 27th biggest position. Field & Main Bank’s holdings in Oracle were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of Oracle during the second quarter valued at approximately $1,516,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Oracle by 20.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 169,108 shares of the enterprise software provider’s stock worth $23,878,000 after acquiring an additional 28,138 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Oracle by 7.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 8,300 shares of the enterprise software provider’s stock valued at $1,172,000 after acquiring an additional 542 shares during the period. Invst LLC grew its position in Oracle by 2.4% in the 2nd quarter. Invst LLC now owns 3,372 shares of the enterprise software provider’s stock valued at $482,000 after acquiring an additional 79 shares during the last quarter. Finally, Regal Investment Advisors LLC increased its stake in Oracle by 6.1% in the second quarter. Regal Investment Advisors LLC now owns 13,123 shares of the enterprise software provider’s stock worth $1,853,000 after purchasing an additional 756 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ORCL. DA Davidson boosted their target price on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Mizuho boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. UBS Group upped their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Finally, BMO Capital Markets increased their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

ORCL opened at $160.44 on Wednesday. The company has a market cap of $448.74 billion, a P/E ratio of 39.32, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. 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’s 50-day moving average price is $173.36 and its 200-day moving average price is $163.03. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly 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 net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. Oracle’s dividend payout ratio is currently 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on 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 in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction 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 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.