CoreFirst Bank & Trust Makes New $761,000 Investment in Oracle Co. (NYSE:ORCL)

CoreFirst Bank & Trust purchased a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,566 shares of the enterprise software provider's stock, valued at approximately $761,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Oracle in the fourth quarter worth $25,000. Winch Advisory Services LLC lifted its holdings in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Synergy Investment Management LLC bought a new position in Oracle in the 4th quarter worth about $34,000. TFC Financial Management Inc. grew its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle during the fourth quarter valued at about $47,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 42.20% of the stock is owned by insiders.

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Oracle Trading Down 2.6 %

Oracle stock traded down $3.80 during trading hours on Friday, reaching $141.98. The company had a trading volume of 2,583,403 shares, compared to its average volume of 8,519,245. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a 50-day moving average price of $164.35 and a 200 day moving average price of $170.11. The firm has a market cap of $397.12 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, April 10th. Oracle's dividend payout ratio is currently 46.95%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. KeyCorp reissued an "overweight" rating and issued a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Stephens started coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target on the stock. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, Citigroup reduced their target price on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Thirteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.20.

Oracle Company 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.