Heartland Bank & Trust Co Decreases Stock Position in Oracle Co. (NYSE:ORCL)

Heartland Bank & Trust Co lessened its holdings in Oracle Co. (NYSE:ORCL) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,530 shares of the enterprise software provider’s stock after selling 167 shares during the quarter. Heartland Bank & Trust Co’s holdings in Oracle were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings in shares of Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after purchasing an additional 2,052,275 shares during the period. Franklin Resources Inc. raised its holdings in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. State Street Corp lifted its position in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC raised its stake in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after buying an additional 885,041 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Oracle by 2,899.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock worth $155,694,000 after buying an additional 883,233 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 1.5 %

NYSE ORCL opened at $183.59 on Monday. The business’s fifty day simple moving average is $174.41 and its 200-day simple moving average is $162.79. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $513.50 billion, a PE ratio of 44.89, a P/E/G 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.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the firm earned $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 yield of 0.87%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Cantor Fitzgerald began coverage on Oracle in a report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price target for the company. Piper Sandler lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Friday. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research note on Friday, December 20th. Finally, DA Davidson raised their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle 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.