Farmers Trust Co. Buys 4,992 Shares of Oracle Co. (NYSE:ORCL)

Farmers Trust Co. boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 25.6% in the fourth quarter, Holdings Channel reports. The firm owned 24,456 shares of the enterprise software provider’s stock after acquiring an additional 4,992 shares during the period. Farmers Trust Co.’s holdings in Oracle were worth $4,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ORCL. Fairway Wealth LLC acquired a new position in Oracle during the 2nd quarter valued at $27,000. Quest Partners LLC bought a new position in shares of Oracle during the 2nd quarter worth about $40,000. Reston Wealth Management LLC acquired a new position in shares of Oracle during the third quarter valued at about $44,000. Avondale Wealth Management acquired a new stake in Oracle during the third quarter worth about $51,000. Finally, Friedenthal Financial acquired a new position in Oracle in the 3rd quarter valued at approximately $51,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ORCL shares. JMP Securities restated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Tuesday, December 10th. KeyCorp lifted their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Piper Sandler raised their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Mizuho upped their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Citigroup lifted their price objective on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Up 0.6 %

NYSE:ORCL traded up $1.02 on Wednesday, hitting $163.05. The stock had a trading volume of 5,368,972 shares, compared to its average volume of 6,135,689. The firm’s fifty day simple moving average is $178.25 and its two-hundred day simple moving average is $160.59. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market cap of $456.04 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. Oracle Co. has a 1 year low of $102.72 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.34 earnings per share. Analysts predict that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be issued a $0.40 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Oracle’s payout ratio is currently 39.12%.

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.