First International Bank & Trust Sells 67 Shares of Oracle Co. (NYSE:ORCL)

First International Bank & Trust cut its position in shares of Oracle Co. (NYSE:ORCL) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,667 shares of the enterprise software provider’s stock after selling 67 shares during the period. First International Bank & Trust’s holdings in Oracle were worth $611,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Oracle in the second quarter valued at about $27,000. Reston Wealth Management LLC bought a new stake in Oracle during the third quarter worth about $44,000. Quest Partners LLC bought a new stake in shares of Oracle during the 2nd quarter worth approximately $40,000. Avondale Wealth Management acquired a new stake in shares of Oracle in the 3rd quarter valued at $51,000. Finally, Friedenthal Financial acquired a new stake in Oracle in the third quarter valued at about $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research report on Friday, December 20th. BMO Capital Markets upped 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. UBS Group raised their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Citigroup boosted their price objective on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Up 0.7 %

Shares of NYSE ORCL opened at $163.13 on Friday. The stock has a market capitalization of $456.27 billion, a P/E ratio of 39.89, a PEG ratio of 3.39 and a beta of 1.06. The firm’s 50 day simple moving average is $177.93 and its two-hundred day simple moving average is $160.63. Oracle Co. has a one year low of $102.72 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced 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 net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for 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% compared to the same quarter last year. As a group, analysts expect that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.