Security National Bank of Sioux City Iowa IA Sells 155 Shares of Oracle Co. (NYSE:ORCL)

Security National Bank of Sioux City Iowa IA lessened its holdings in Oracle Co. (NYSE:ORCL) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,456 shares of the enterprise software provider’s stock after selling 155 shares during the quarter. Oracle makes up approximately 2.7% of Security National Bank of Sioux City Iowa IA’s holdings, making the stock its 5th biggest holding. Security National Bank of Sioux City Iowa IA’s holdings in Oracle were worth $3,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. R Squared Ltd acquired a new position in Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC lifted its stake in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle during the fourth quarter worth $34,000. Finally, TFC Financial Management Inc. raised its holdings in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the period. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research analyst reports. Barclays reduced their target price on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. Jefferies Financial Group dropped their target price on Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Cantor Fitzgerald reduced their price target on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Finally, UBS Group reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.42.

Oracle Trading Down 2.4%

Shares of Oracle stock opened at $159.02 on Friday. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The company has a market capitalization of $444.77 billion, a price-to-earnings ratio of 38.88, a P/E/G ratio of 3.46 and a beta of 1.27. The business has a fifty day simple moving average of $142.59 and a two-hundred day simple moving average of $162.66. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted 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 prior year, the business posted $1.41 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock worth $4,015,723 in the last ninety days. 42.20% of the stock is owned by company insiders.

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.