Cape ANN Savings Bank Has $970,000 Stock Position in Oracle Co. (NYSE:ORCL)

Cape ANN Savings Bank raised its stake in Oracle Co. (NYSE:ORCL) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 5,820 shares of the enterprise software provider’s stock after buying an additional 65 shares during the quarter. Cape ANN Savings Bank’s holdings in Oracle were worth $970,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Wealth Group Ltd. acquired a new position in shares of Oracle during the third quarter valued at $222,000. Howard Capital Management Group LLC raised its holdings in Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 883 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Oracle during the 3rd quarter valued at about $1,266,000. Legacy Wealth Asset Management LLC bought a new position in shares of Oracle in the 3rd quarter valued at about $237,000. Finally, Modera Wealth Management LLC grew its position in shares of Oracle by 0.9% during the 3rd quarter. Modera Wealth Management LLC now owns 101,219 shares of the enterprise software provider’s stock worth $17,248,000 after buying an additional 902 shares during the period. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group upped their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald lowered Oracle to an “overweight” rating in a research report on Monday, February 10th. BMO Capital Markets upped their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Finally, Guggenheim raised their target price on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Performance

Shares of ORCL stock opened at $167.92 on Monday. Oracle Co. has a 52 week low of $109.66 and a 52 week high of $198.31. The company has a market capitalization of $469.66 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 3.46 and a beta of 1.05. The company has a 50-day simple moving average of $168.99 and a 200 day simple moving average of $167.58. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the business earned $1.34 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid 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 0.95%. Oracle’s payout ratio is 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.20% 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.