Iowa State Bank Sells 472 Shares of Oracle Co. (NYSE:ORCL)

Iowa State Bank decreased its holdings in Oracle Co. (NYSE:ORCLFree Report) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,651 shares of the enterprise software provider’s stock after selling 472 shares during the period. Iowa State Bank’s holdings in Oracle were worth $3,653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the period. State Street Corp grew its holdings in shares of Oracle by 1.5% in the second quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock worth $7,563,980,000 after acquiring an additional 928,013 shares during the period. Morgan Stanley grew its holdings in shares of Oracle by 9.6% in the fourth quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after acquiring an additional 1,794,080 shares during the period. Northern Trust Corp grew its holdings in shares of Oracle by 3.5% in the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after acquiring an additional 635,994 shares during the period. Finally, Norges Bank bought a new stake in shares of Oracle in the fourth quarter worth $1,409,896,000. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL traded down $1.14 during mid-day trading on Tuesday, reaching $124.34. The stock had a trading volume of 4,569,766 shares, compared to its average volume of 9,065,827. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a market cap of $341.75 billion, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 2.43 and a beta of 1.01. Oracle Co. has a 1 year low of $92.09 and a 1 year high of $132.77. The business’s 50 day moving average price is $117.34 and its 200 day moving average price is $111.65.

Oracle (NYSE:ORCLGet Free Report) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. Research analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid 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 yield of 1.29%. Oracle’s payout ratio is currently 42.22%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’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 transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ORCL shares. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. The Goldman Sachs Group boosted their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Morgan Stanley cut their price target on Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a report on Tuesday, December 12th. Finally, UBS Group cut their price target on Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, December 12th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

View Our Latest Stock Analysis on ORCL

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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