Citizens National Bank Trust Department Reduces Holdings in Oracle Co. (NYSE:ORCL)

Citizens National Bank Trust Department reduced its stake in Oracle Co. (NYSE:ORCL) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,487 shares of the enterprise software provider’s stock after selling 155 shares during the period. Citizens National Bank Trust Department’s holdings in Oracle were worth $3,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. R Squared Ltd acquired a new position in shares of Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC increased 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 during the period. TFC Financial Management Inc. raised its position in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter valued at approximately $44,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Oracle in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on 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 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 Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by insiders.

Oracle Price Performance

NYSE:ORCL opened at $181.51 on Thursday. The stock has a 50 day moving average price of $169.09 and a 200 day moving average price of $166.67. The stock has a market cap of $507.68 billion, a PE ratio of 44.38, a P/E/G ratio of 3.54 and a beta of 1.05. 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 one year low of $106.51 and a one year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.88%. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research reports. 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 report on Tuesday, December 10th. BMO Capital Markets upped 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Guggenheim raised their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Piper Sandler increased their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.