HTLF Bank Trims Stock Position in Oracle Co. (NYSE:ORCL)

HTLF Bank trimmed its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 55,591 shares of the enterprise software provider's stock after selling 2,039 shares during the period. Oracle makes up approximately 1.0% of HTLF Bank's holdings, making the stock its 22nd largest position. HTLF Bank's holdings in Oracle were worth $9,264,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter valued at $44,000. Synergy Asset Management LLC purchased a new stake in Oracle during the 4th quarter valued at $47,000. Finally, Avondale Wealth Management purchased a new stake in Oracle during the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of NYSE ORCL traded down $1.74 during mid-day trading on Tuesday, hitting $177.18. 6,525,769 shares of the company's stock traded hands, compared to its average volume of 13,060,984. The company's 50-day moving average is $170.37 and its two-hundred day moving average is $164.97. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $495.57 billion, a P/E ratio of 43.32, a PEG ratio of 3.39 and a beta of 1.05. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 21.16% and a return on equity of 133.25%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.34 earnings per share. On average, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio (DPR) is currently 39.12%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JMP Securities reiterated a "market outperform" rating and set a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Royal Bank of Canada reiterated a "sector perform" rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt lowered shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. Finally, Jefferies Financial Group boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.