Farmers Trust Co. Acquires 4,992 Shares of Oracle Co. (NYSE:ORCL)

Farmers Trust Co. raised its position in shares of Oracle Co. (NYSE:ORCLFree Report) by 25.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,456 shares of the enterprise software provider’s stock after purchasing an additional 4,992 shares during the period. Farmers Trust Co.’s holdings in Oracle were worth $4,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter valued at $27,000. Quest Partners LLC bought a new stake in shares of Oracle during the 2nd quarter valued at about $40,000. Reston Wealth Management LLC purchased a new position in shares of Oracle during the third quarter worth about $44,000. Avondale Wealth Management purchased a new stake in Oracle in the third quarter valued at approximately $51,000. Finally, Friedenthal Financial bought a new stake in Oracle during the third quarter valued at approximately $51,000. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE:ORCL traded up $1.02 during midday trading on Wednesday, hitting $163.05. 5,368,972 shares of the stock were exchanged, compared to its average volume of 6,135,689. The business has a 50-day moving average price of $178.25 and a two-hundred day moving average price of $160.59. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $456.04 billion, a price-to-earnings ratio of 39.87, a P/E/G ratio of 3.39 and a beta of 1.06. Oracle Co. has a one year low of $102.72 and a one year high of $198.31.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.34 EPS. Sell-side analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

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 issued a $0.40 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. Oracle’s dividend payout ratio is 39.12%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. UBS Group upped their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler lifted their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Guggenheim upped their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen upped their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, eleven have given 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 has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

View Our Latest Research Report on Oracle

Oracle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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