Hudson Valley Investment Advisors Inc. ADV Reduces Position in Oracle Co. (NYSE:ORCL)

Hudson Valley Investment Advisors Inc. ADV reduced its position in Oracle Co. (NYSE:ORCL) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,182 shares of the enterprise software provider’s stock after selling 308 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Oracle were worth $3,030,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Legacy Private Trust Co. purchased a new stake in shares of Oracle in the fourth quarter worth approximately $278,000. First Hawaiian Bank grew its position in Oracle by 5.3% in the 4th quarter. First Hawaiian Bank now owns 43,417 shares of the enterprise software provider’s stock valued at $7,235,000 after acquiring an additional 2,167 shares during the last quarter. Farmers Trust Co. grew its position in Oracle by 25.6% in the 4th quarter. Farmers Trust Co. now owns 24,456 shares of the enterprise software provider’s stock valued at $4,075,000 after acquiring an additional 4,992 shares during the last quarter. InvesTrust purchased a new stake in Oracle in the fourth quarter worth $8,667,000. Finally, Fulton Bank N.A. lifted its position in shares of Oracle by 14.0% during the fourth quarter. Fulton Bank N.A. now owns 46,740 shares of the enterprise software provider’s stock worth $7,789,000 after purchasing an additional 5,739 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. UBS Group raised their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Citigroup boosted their price target on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Monday, September 16th. Finally, Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Up 0.7 %

Shares of ORCL stock opened at $163.13 on Friday. The stock’s fifty day moving average price is $177.93 and its 200 day moving average price is $160.63. Oracle Co. has a 1-year low of $102.72 and a 1-year high of $198.31. The company has a market cap of $456.27 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS. On average, research analysts expect that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. Oracle’s dividend 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.