Stock Yards Bank & Trust Co. Has $53.20 Million Holdings in Oracle Co. (NYSE:ORCL)

Stock Yards Bank & Trust Co. grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 319,273 shares of the enterprise software provider’s stock after buying an additional 7,277 shares during the period. Oracle makes up 1.8% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 14th largest holding. Stock Yards Bank & Trust Co.’s holdings in Oracle were worth $53,204,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ORCL. R Squared Ltd acquired a new stake in Oracle in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC grew 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 purchasing an additional 87 shares during the period. Reston Wealth Management LLC acquired a new stake in Oracle in the 3rd quarter valued at $44,000. Synergy Asset Management LLC bought a new stake in Oracle during the 4th quarter valued at $47,000. Finally, Avondale Wealth Management acquired a new position in Oracle during the third quarter worth $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ORCL shares. Guggenheim boosted their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Morgan Stanley raised their target price on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. BMO Capital Markets lifted their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Finally, JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is currently owned by insiders.

Oracle Price Performance

NYSE ORCL opened at $169.91 on Monday. The company has a market cap of $475.24 billion, a PE ratio of 41.54, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s 50-day simple moving average is $171.89 and its two-hundred day simple moving average is $163.41. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 business had revenue of $14.06 billion during 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% on a year-over-year basis. Research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid 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 0.94%. Oracle’s payout ratio is 39.12%.

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.