Canandaigua National Bank & Trust Co. Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Canandaigua National Bank & Trust Co. boosted its position in shares of Oracle Co. (NYSE:ORCL) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,417 shares of the enterprise software provider’s stock after acquiring an additional 1,605 shares during the period. Oracle accounts for about 1.2% of Canandaigua National Bank & Trust Co.’s investment portfolio, making the stock its 15th largest position. Canandaigua National Bank & Trust Co.’s holdings in Oracle were worth $12,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after purchasing an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp bought a new position in Oracle during the third quarter valued at $4,160,000. Oppenheimer Asset Management Inc. grew its stake in shares of Oracle by 79.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after buying an additional 126,985 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Oracle by 84.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock worth $147,206,000 after buying an additional 395,613 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 0.4 %

Shares of ORCL traded down $0.74 during midday trading on Monday, hitting $165.58. 6,586,658 shares of the company’s stock traded hands, compared to its average volume of 5,456,083. Oracle Co. has a 1 year low of $102.13 and a 1 year high of $198.31. The firm’s fifty day moving average is $178.62 and its 200-day moving average is $160.29. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $463.12 billion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06.

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. As a group, sell-side analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be paid a $0.40 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. Sanford C. Bernstein increased their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Piper Sandler raised their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Mizuho boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.48.

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.