Community Bank N.A. Has $366,000 Stake in Oracle Co. (NYSE:ORCL)

Community Bank N.A. decreased its position in shares of Oracle Co. (NYSE:ORCL) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,198 shares of the enterprise software provider’s stock after selling 202 shares during the period. Community Bank N.A.’s holdings in Oracle were worth $366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Napatree Capital LLC acquired a new position in shares of Oracle during the fourth quarter valued at about $217,000. LPL Financial LLC raised its position in shares of Oracle by 14.0% during the fourth quarter. LPL Financial LLC now owns 1,839,085 shares of the enterprise software provider’s stock valued at $306,465,000 after buying an additional 226,135 shares during the last quarter. Blueprint Investment Partners LLC raised its position in shares of Oracle by 84.1% during the fourth quarter. Blueprint Investment Partners LLC now owns 9,639 shares of the enterprise software provider’s stock valued at $1,606,000 after buying an additional 4,404 shares during the last quarter. Mosley Wealth Management raised its position in shares of Oracle by 7.7% during the fourth quarter. Mosley Wealth Management now owns 7,154 shares of the enterprise software provider’s stock valued at $1,159,000 after buying an additional 514 shares during the last quarter. Finally, Guardian Partners Inc. acquired a new position in shares of Oracle during the fourth quarter valued at about $6,875,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research analyst reports. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Piper Sandler lowered their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Finally, Bank of America lowered their target price on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $179.20.

Oracle Price Performance

Shares of ORCL stock opened at $152.83 on Monday. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The firm’s 50 day moving average is $164.87 and its 200-day moving average is $170.27. The firm has a market capitalization of $427.45 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s dividend payout ratio is presently 46.95%.

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.