HTLF Bank acquired a new stake in shares of Oracle Co. (NYSE:ORCL – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 63,977 shares of the enterprise software provider’s stock, valued at approximately $6,745,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Orion Capital Management LLC bought a new position in shares of Oracle in the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in Oracle during the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC boosted its stake in Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after buying an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its stake in Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Oracle Stock Performance
NYSE:ORCL traded down $0.26 during midday trading on Friday, reaching $115.74. 2,438,007 shares of the company traded hands, compared to its average volume of 8,515,106. The company has a fifty day moving average price of $119.27 and a 200 day moving average price of $112.80. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $318.11 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77.
Oracle Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s dividend payout ratio is presently 42.22%.
Analyst Ratings Changes
A number of equities analysts recently commented on ORCL shares. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. KeyCorp began coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.76.
Get Our Latest Research Report on Oracle
Insider Buying and Selling
In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 42.80% of the stock is owned by insiders.
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.
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