Orrstown Financial Services Inc. Raises Stake in Oracle Co. (NYSE:ORCL)

Orrstown Financial Services Inc. lifted its position in shares of Oracle Co. (NYSE:ORCL) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,945 shares of the enterprise software provider’s stock after buying an additional 120 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Oracle were worth $991,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new stake in Oracle in the 2nd quarter valued at $1,516,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Oracle by 20.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 169,108 shares of the enterprise software provider’s stock valued at $23,878,000 after purchasing an additional 28,138 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Oracle by 7.0% in the second quarter. Sunbelt Securities Inc. now owns 8,300 shares of the enterprise software provider’s stock worth $1,172,000 after purchasing an additional 542 shares during the last quarter. Invst LLC lifted its position in shares of Oracle by 2.4% in the second quarter. Invst LLC now owns 3,372 shares of the enterprise software provider’s stock worth $482,000 after buying an additional 79 shares in the last quarter. Finally, Regal Investment Advisors LLC boosted its stake in Oracle by 6.1% during the second quarter. Regal Investment Advisors LLC now owns 13,123 shares of the enterprise software provider’s stock valued at $1,853,000 after buying an additional 756 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL stock traded down $2.43 during midday trading on Wednesday, hitting $161.57. 1,385,679 shares of the company traded hands, compared to its average volume of 14,768,888. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The business has a 50 day simple moving average of $173.36 and a 200-day simple moving average of $163.03. The stock has a market capitalization of $451.91 billion, a price-to-earnings ratio of 39.53, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its earnings results 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). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $1.34 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ORCL shares. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Citigroup raised their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. UBS Group lifted their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a report 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 company. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Company 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.