Orrstown Financial Services Inc. Has $991,000 Position in Oracle Co. (NYSE:ORCL)

Orrstown Financial Services Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,945 shares of the enterprise software provider’s stock after acquiring an additional 120 shares during the period. Orrstown Financial Services Inc.’s holdings in Oracle were worth $991,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares in the last quarter. RMR Wealth Builders increased its position in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares during the last quarter. Chase Investment Counsel Corp acquired a new stake in Oracle in the third quarter valued at approximately $4,160,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Oracle by 79.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after buying an additional 126,985 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 1.5 %

ORCL traded down $2.43 during mid-day trading on Wednesday, reaching $161.57. 1,385,679 shares of the stock were exchanged, compared to its average volume of 14,768,888. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $451.91 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The company has a 50 day moving average price of $173.36 and a two-hundred day moving average price of $163.03.

Oracle (NYSE:ORCL) last issued 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 firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ORCL. Stifel Nicolaus boosted their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. KeyCorp upped their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. UBS Group lifted their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of 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 represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

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.