Zions Bancorporation N.A. Acquires 6,127 Shares of Oracle Co. (NYSE:ORCL)

Zions Bancorporation N.A. lifted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 109.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,729 shares of the enterprise software provider's stock after buying an additional 6,127 shares during the quarter. Zions Bancorporation N.A.'s holdings in Oracle were worth $1,955,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Howard Capital Management Group LLC increased its stake in Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock worth $1,366,000 after buying an additional 883 shares during the period. Principal Financial Group Inc. grew its stake in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after acquiring an additional 121,874 shares in the last quarter. United Bank increased its position in shares of Oracle by 4.8% during the third quarter. United Bank now owns 11,430 shares of the enterprise software provider's stock worth $1,948,000 after acquiring an additional 519 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Oracle by 66.3% in the third quarter. Larson Financial Group LLC now owns 4,835 shares of the enterprise software provider's stock worth $824,000 after acquiring an additional 1,928 shares in the last quarter. Finally, Bank of Hawaii purchased a new position in Oracle in the third quarter valued at about $200,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

A number of analysts have recently weighed in on ORCL shares. BMO Capital Markets decreased their price target on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research report on Tuesday, March 11th. Morgan Stanley dropped their target price on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price on the stock. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $179.20.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

NYSE ORCL traded down $6.51 during trading on Friday, hitting $139.27. The company's stock had a trading volume of 7,112,873 shares, compared to its average volume of 8,931,237. The firm 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 $389.53 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. 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 Co. has a 52 week low of $112.78 and a 52 week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal 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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is currently 46.95%.

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.