First Citizens Financial Corp Sells 100 Shares of Oracle Co. (NYSE:ORCL)

First Citizens Financial Corp trimmed its position in Oracle Co. (NYSE:ORCL) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,757 shares of the enterprise software provider’s stock after selling 100 shares during the quarter. First Citizens Financial Corp’s holdings in Oracle were worth $459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. GPM Growth Investors Inc. bought a new stake in Oracle in the 2nd quarter valued at about $7,881,000. FineMark National Bank & Trust boosted its stake in Oracle by 1.9% in the second quarter. FineMark National Bank & Trust now owns 126,687 shares of the enterprise software provider’s stock valued at $17,888,000 after buying an additional 2,415 shares in the last quarter. TD Asset Management Inc grew its position in Oracle by 2.1% in the second quarter. TD Asset Management Inc now owns 815,189 shares of the enterprise software provider’s stock valued at $115,105,000 after acquiring an additional 16,647 shares during the last quarter. Range Financial Group LLC increased its position in Oracle by 9.7% during the 2nd quarter. Range Financial Group LLC now owns 2,283 shares of the enterprise software provider’s stock worth $322,000 after purchasing an additional 202 shares in the last quarter. Finally, Mayflower Financial Advisors LLC lifted its stake in shares of Oracle by 2.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 7,547 shares of the enterprise software provider’s stock valued at $1,066,000 after acquiring an additional 157 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Guggenheim upped their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Piper Sandler lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.19 during midday trading on Friday, reaching $166.22. The company’s stock had a trading volume of 2,266,531 shares, compared to its average volume of 3,711,868. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The stock has a market capitalization of $464.91 billion, a P/E ratio of 40.64, a PEG ratio of 3.39 and a beta of 1.03. The firm has a 50 day moving average price of $178.77 and a 200-day moving average price of $159.90. Oracle Co. has a 12-month low of $102.13 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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 company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the business posted $1.34 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be paid a $0.40 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. 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.