Hanson & Doremus Investment Management Has $310,000 Holdings in Oracle Co. (NYSE:ORCL)

Hanson & Doremus Investment Management decreased its holdings in shares of Oracle Co. (NYSE:ORCLFree Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,858 shares of the enterprise software provider’s stock after selling 118 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Oracle were worth $310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Orrstown Financial Services Inc. boosted its stake in Oracle by 2.1% in the fourth quarter. Orrstown Financial Services Inc. now owns 5,945 shares of the enterprise software provider’s stock valued at $991,000 after acquiring an additional 120 shares during the last quarter. Field & Main Bank boosted its position in shares of Oracle by 0.3% in the 4th quarter. Field & Main Bank now owns 18,895 shares of the enterprise software provider’s stock worth $3,149,000 after purchasing an additional 65 shares during the last quarter. Strategic Blueprint LLC grew its stake in shares of Oracle by 6.5% during the fourth quarter. Strategic Blueprint LLC now owns 5,639 shares of the enterprise software provider’s stock worth $940,000 after purchasing an additional 343 shares during the period. Hantz Financial Services Inc. increased its holdings in Oracle by 19.4% in the fourth quarter. Hantz Financial Services Inc. now owns 275,531 shares of the enterprise software provider’s stock valued at $45,914,000 after purchasing an additional 44,844 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. lifted its stake in Oracle by 12.3% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 6,378 shares of the enterprise software provider’s stock valued at $1,063,000 after buying an additional 700 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Shares of NYSE ORCL opened at $162.22 on Thursday. The stock has a market capitalization of $453.71 billion, a PE ratio of 39.66, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The stock has a 50 day moving average price of $173.36 and a 200 day moving average price of $163.03. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCLGet 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 analyst estimates of $14.12 billion. During the same period in the previous year, the company posted $1.34 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. DA Davidson upped their price target on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Stifel Nicolaus upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Citigroup lifted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. 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 MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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About Oracle

(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.

See Also

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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