Community Bank & Trust Waco Texas Purchases 72 Shares of Oracle Co. (NYSE:ORCL)

Community Bank & Trust Waco Texas grew its position in shares of Oracle Co. (NYSE:ORCL) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,763 shares of the enterprise software provider’s stock after buying an additional 72 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Oracle were worth $2,627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Atlantic Edge Private Wealth Management LLC increased its position in shares of Oracle by 4.9% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 1,643 shares of the enterprise software provider’s stock valued at $274,000 after buying an additional 76 shares during the period. Peterson Wealth Services purchased a new position in shares of Oracle during the fourth quarter valued at about $1,471,000. Stonebridge Financial Group LLC purchased a new position in shares of Oracle during the fourth quarter valued at about $421,000. Essex Financial Services Inc. increased its position in shares of Oracle by 0.6% during the fourth quarter. Essex Financial Services Inc. now owns 22,564 shares of the enterprise software provider’s stock valued at $3,760,000 after buying an additional 136 shares during the period. Finally, Violich Capital Management Inc. increased its position in shares of Oracle by 3.1% during the fourth quarter. Violich Capital Management Inc. now owns 218,096 shares of the enterprise software provider’s stock valued at $36,344,000 after buying an additional 6,650 shares during the period. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the business’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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

ORCL opened at $178.97 on Tuesday. The stock has a market capitalization of $500.58 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 3.39 and a beta of 1.05. The company has a fifty day moving average of $170.42 and a 200 day moving average of $164.68. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. 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 earnings results 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). 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%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.89%. Oracle’s payout ratio is 39.12%.

Analyst Ratings Changes

A number of brokerages have weighed in on ORCL. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. KeyCorp upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. BMO Capital Markets upped 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. Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Finally, Evercore ISI upped their price objective 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 research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

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.