City Holding Co. Purchases 1,845 Shares of Oracle Co. (NYSE:ORCL)

City Holding Co. lifted its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,499 shares of the enterprise software provider's stock after purchasing an additional 1,845 shares during the period. City Holding Co.'s holdings in Oracle were worth $4,416,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC lifted its position in shares of Oracle by 97.7% in the 2nd quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider's stock worth $7,912,000 after purchasing an additional 27,685 shares during the period. Pacer Advisors Inc. boosted its position in Oracle by 36.0% during the 2nd quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider's stock valued at $20,856,000 after acquiring an additional 39,107 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Oracle by 6.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider's stock worth $13,527,000 after acquiring an additional 6,215 shares during the period. Summit Trail Advisors LLC raised its position in shares of Oracle by 30.3% in the 2nd quarter. Summit Trail Advisors LLC now owns 15,296 shares of the enterprise software provider's stock worth $2,160,000 after acquiring an additional 3,554 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Oracle by 1.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,325,265 shares of the enterprise software provider's stock valued at $469,527,000 after purchasing an additional 53,809 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE:ORCL traded up $1.51 on Monday, hitting $161.05. The stock had a trading volume of 11,593,649 shares, compared to its average volume of 5,912,798. The business's 50-day simple moving average is $175.44 and its two-hundred day simple moving average is $161.58. The stock has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (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 business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the previous year, the business posted $1.34 EPS. The business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors 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 yield of 0.99%. Oracle's dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

A number of research firms have issued reports on ORCL. Guggenheim increased their price objective on Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. DA Davidson lifted their target price on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus target price 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.