Passumpsic Savings Bank Purchases Shares of 12,684 Oracle Co. (NYSE:ORCL)

Passumpsic Savings Bank purchased a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,684 shares of the enterprise software provider's stock, valued at approximately $2,114,000.

A number of other institutional investors have also recently bought and sold shares of ORCL. R Squared Ltd bought a new stake in Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC grew its stake in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. TFC Financial Management Inc. grew its stake in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle during the third quarter worth about $44,000. Finally, Synergy Asset Management LLC acquired a new stake in Oracle during the fourth quarter worth about $47,000. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ORCL shares. Evercore ISI increased their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. DA Davidson raised their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Jefferies Financial Group increased their target price 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. JMP Securities reissued a "market outperform" rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

Insider Buying and Selling at Oracle

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

Oracle Price Performance

Shares of NYSE:ORCL opened at $167.92 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock's fifty day simple moving average is $168.99 and its two-hundred day simple moving average is $167.02. Oracle Co. has a 1-year low of $109.66 and a 1-year high of $198.31. The stock has a market cap of $469.66 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business posted $1.34 earnings per share. Oracle's revenue was up 8.6% on a year-over-year basis. As a group, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio (DPR) is presently 39.12%.

About Oracle

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.

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