HTLF Bank Lowers Holdings in Oracle Co. (NYSE:ORCL)

HTLF Bank reduced its stake in Oracle Co. (NYSE:ORCL) by 3.5% in Q4, now holding 55,591 shares valued at $9.26 million. Other investors also adjusted their positions, with R Squared Ltd and Winch Advisory Services LLC increasing their stakes. Oracle's stock opened at $174.53, with a market cap of $488.15 billion. The company reported Q2 earnings of $1.47 EPS, slightly missing estimates, and announced a quarterly dividend of $0.40 per share. Analysts have mixed ratings, with an average target price of $182.73.

HTLF Bank cut its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,591 shares of the enterprise software provider's stock after selling 2,039 shares during the quarter. Oracle comprises approximately 1.0% of HTLF Bank's portfolio, making the stock its 22nd biggest position. HTLF Bank's holdings in Oracle were worth $9,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

MarketBeat Week in Review – 01/27 - 01/31

Several other large investors have also recently modified their holdings of the stock. R Squared Ltd purchased a new position in shares of Oracle during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC raised its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after buying an additional 87 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Oracle during the 3rd quarter valued at $44,000. Synergy Asset Management LLC purchased a new position in shares of Oracle in the 4th quarter worth $47,000. Finally, Avondale Wealth Management bought a new stake in shares of Oracle in the third quarter worth $51,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Up 1.3 %

Shares of NYSE ORCL opened at $174.53 on Friday. The business has a fifty day moving average price of $170.42 and a 200 day moving average price of $164.35. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $488.15 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05.

Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?

Oracle (NYSE:ORCL - Get Free Report) last posted 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 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 the consensus estimate of $14.12 billion. During the same quarter last year, the firm earned $1.34 EPS. The company's revenue was up 8.6% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

Why Rezolve Could Be the Next Big Name in Artificial Intelligence

A number of equities research analysts have issued reports on the company. Morgan Stanley boosted their price target on Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 10th. Piper Sandler upped their target price on shares of Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on shares of Oracle in a research note on Friday, January 17th. They set an "overweight" rating and a $214.00 price target on the stock. JMP Securities restated a "market outperform" rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus lifted their target price on Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $182.73.

View Our Latest Stock Analysis on ORCL

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on 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 approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by company insiders.

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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