First County Bank CT Cuts Stake in Oracle Co. (NYSE:ORCL)

First County Bank CT lowered its stake in Oracle Co. (NYSE:ORCL) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,344 shares of the enterprise software provider’s stock after selling 109 shares during the quarter. First County Bank CT’s holdings in Oracle were worth $391,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Spartan Planning & Wealth Management acquired a new position in shares of Oracle in the 4th quarter valued at approximately $550,000. Diversified Trust Co lifted its position in shares of Oracle by 34.3% during the fourth quarter. Diversified Trust Co now owns 36,311 shares of the enterprise software provider’s stock worth $6,051,000 after purchasing an additional 9,271 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its stake in Oracle by 2.2% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 75,417 shares of the enterprise software provider’s stock worth $12,567,000 after purchasing an additional 1,605 shares in the last quarter. Kozak & Associates Inc. increased its holdings in Oracle by 5.5% in the fourth quarter. Kozak & Associates Inc. now owns 1,564 shares of the enterprise software provider’s stock valued at $260,000 after buying an additional 82 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. raised its stake in Oracle by 3.0% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 173,290 shares of the enterprise software provider’s stock valued at $28,877,000 after buying an additional 5,084 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Down 2.3 %

NYSE ORCL traded down $3.86 on Tuesday, hitting $161.83. 4,753,653 shares of the stock were exchanged, compared to its average volume of 5,660,872. The company’s 50-day moving average price is $178.48 and its two-hundred day moving average price is $160.45. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a 52-week low of $102.13 and a 52-week high of $198.31. The company has a market capitalization of $452.63 billion, a price-to-earnings ratio of 39.57, a P/E/G ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its quarterly 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of research analyst reports. Citigroup boosted their price target on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. BMO Capital Markets boosted their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, DA Davidson increased their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

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.