Oracle Co. (NYSE:ORCL) Shares Purchased by Busey Bank

Busey Bank lifted its holdings in Oracle Co. (NYSE:ORCL) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,003 shares of the enterprise software provider’s stock after acquiring an additional 3,441 shares during the period. Oracle makes up 1.2% of Busey Bank’s portfolio, making the stock its 16th biggest position. Busey Bank’s holdings in Oracle were worth $36,161,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC lifted its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Reston Wealth Management LLC purchased a new position in Oracle in the 3rd quarter valued at about $44,000. Synergy Asset Management LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $47,000. Finally, Avondale Wealth Management purchased a new stake in shares of Oracle during the third quarter worth about $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORCL. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. BMO Capital Markets raised their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on shares of Oracle in a research report on Friday, January 17th. They set an “overweight” rating and a $214.00 price target on the stock. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Down 1.1 %

Oracle stock opened at $162.22 on Thursday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The stock has a market capitalization of $453.71 billion, a PE ratio of 39.66, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The firm has a 50 day simple moving average of $173.36 and a 200-day simple moving average of $163.03. 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 quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value 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. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 42.20% of the company’s stock.

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.