Rockland Trust Co. Boosts Stake in Oracle Co. (NYSE:ORCL)

by · The Markets Daily

Rockland Trust Co. increased its holdings in shares of Oracle Co. (NYSE:ORCL – Free Report) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,698 shares of the enterprise software provider’s stock after acquiring an additional 760 shares during the period. Rockland Trust Co.’s holdings in Oracle were worth $1,616,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC increased its holdings in Oracle by 6.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 48,894 shares of the enterprise software provider’s stock valued at $8,148,000 after buying an additional 2,975 shares in the last quarter. Peoples Financial Services CORP. boosted its stake in shares of Oracle by 2.2% during the 4th quarter. Peoples Financial Services CORP. now owns 12,995 shares of the enterprise software provider’s stock worth $2,165,000 after acquiring an additional 283 shares in the last quarter. Floyd Financial Group LLC acquired a new stake in shares of Oracle in the 4th quarter worth approximately $455,000. Pines Wealth Management LLC purchased a new position in Oracle in the 4th quarter valued at approximately $236,000. Finally, Accurate Wealth Management LLC boosted its position in Oracle by 55.3% during the fourth quarter. Accurate Wealth Management LLC now owns 10,629 shares of the enterprise software provider’s stock worth $1,643,000 after purchasing an additional 3,783 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ORCL shares. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Friday, December 20th. JMP Securities restated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Tuesday, December 10th. Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Guggenheim raised their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group upped their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $181.48.

Check Out Our Latest Stock Analysis on ORCL

Oracle Stock Performance

Shares of ORCL stock opened at $156.34 on Wednesday. The company’s fifty day simple moving average is $176.99 and its 200-day simple moving average is $161.24. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $105.42 and a 52 week high of $198.31. The company has a market cap of $437.28 billion, a PE ratio of 38.22, a P/E/G ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the business earned $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The company 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. This represents a $1.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

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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