Canandaigua National Bank & Trust Co. Boosts Position in Oracle Co. (NYSE:ORCL)

Canandaigua National Bank & Trust Co. grew its holdings in Oracle Co. (NYSE:ORCL) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 75,417 shares of the enterprise software provider’s stock after purchasing an additional 1,605 shares during the period. Oracle makes up about 1.2% of Canandaigua National Bank & Trust Co.’s holdings, making the stock its 15th largest holding. Canandaigua National Bank & Trust Co.’s holdings in Oracle were worth $12,567,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ORCL. State Street Corp grew its position in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Geode Capital Management LLC grew its holdings in Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. increased its position in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after buying an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after buying an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after buying an additional 54,868 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.4 %

Oracle stock traded down $0.74 during mid-day trading on Monday, reaching $165.58. 6,586,658 shares of the company’s stock were exchanged, compared to its average volume of 5,456,083. The company has a fifty day moving average of $178.62 and a 200-day moving average of $160.29. The company has a market cap of $463.12 billion, a P/E ratio of 40.48, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $102.13 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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 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 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% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Ratings Changes

ORCL has been the subject of several recent analyst reports. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Monday, September 16th. Mizuho raised their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Barclays raised their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Company 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.