Citizens & Northern Corp Has $2.54 Million Position in Oracle Co. (NYSE:ORCL)

Citizens & Northern Corp decreased its stake in Oracle Co. (NYSE:ORCL) by 12.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,232 shares of the enterprise software provider’s stock after selling 2,261 shares during the period. Oracle makes up 0.7% of Citizens & Northern Corp’s investment portfolio, making the stock its 26th biggest position. Citizens & Northern Corp’s holdings in Oracle were worth $2,538,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ORCL. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC increased its position in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares in the last quarter. TFC Financial Management Inc. grew its stake in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Oracle during the third quarter worth approximately $44,000. Finally, Synergy Asset Management LLC acquired a new stake in Oracle in the 4th quarter valued at $47,000. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Citigroup upped their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. BMO Capital Markets boosted their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated 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. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock opened at $173.50 on Tuesday. 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 Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a fifty day moving average of $169.33 and a 200-day moving average of $165.99. The stock has a market capitalization of $485.27 billion, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 the consensus estimate of $14.12 billion. During the same period last year, the business posted $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) 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.