Sunflower Bank N.A. lifted its position in Oracle Co. (NYSE:ORCL – Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,071 shares of the enterprise software provider’s stock after buying an additional 223 shares during the quarter. Sunflower Bank N.A.’s holdings in Oracle were worth $678,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC lifted its position in shares of Oracle by 2.1% in the fourth quarter. Sivia Capital Partners LLC now owns 3,409 shares of the enterprise software provider’s stock worth $568,000 after buying an additional 70 shares during the last quarter. Enterprise Bank & Trust Co increased its holdings in shares of Oracle by 19.3% during the 4th quarter. Enterprise Bank & Trust Co now owns 6,580 shares of the enterprise software provider’s stock valued at $1,096,000 after acquiring an additional 1,065 shares during the last quarter. Cooper Financial Group raised its stake in shares of Oracle by 17.4% in the 4th quarter. Cooper Financial Group now owns 12,736 shares of the enterprise software provider’s stock valued at $2,122,000 after acquiring an additional 1,888 shares in the last quarter. Wedmont Private Capital boosted its position in Oracle by 2.0% during the fourth quarter. Wedmont Private Capital now owns 91,298 shares of the enterprise software provider’s stock worth $14,105,000 after purchasing an additional 1,812 shares during the period. Finally, Salem Investment Counselors Inc. grew its holdings in Oracle by 1.4% during the fourth quarter. Salem Investment Counselors Inc. now owns 34,199 shares of the enterprise software provider’s stock valued at $5,699,000 after purchasing an additional 475 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Price Performance
NYSE:ORCL traded down $0.77 on Monday, reaching $153.73. The stock had a trading volume of 8,320,609 shares, compared to its average volume of 7,901,509. The company has a market capitalization of $429.98 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The stock has a fifty day moving average price of $177.62 and a 200-day moving average price of $161.04. 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 1-year low of $105.42 and a 1-year high of $198.31.
Oracle Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. Oracle’s dividend payout ratio is 39.12%.
Analyst Upgrades and Downgrades
ORCL has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. JMP Securities restated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Tuesday, December 10th. BMO Capital Markets lifted their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.48.
Check Out Our Latest Report on Oracle
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.
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