City Holding Co. Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

City Holding Co. increased its position in shares of Oracle Co. (NYSE:ORCL) by 7.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,499 shares of the enterprise software provider’s stock after acquiring an additional 1,845 shares during the period. City Holding Co.’s holdings in Oracle were worth $4,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Annex Advisory Services LLC increased its stake in Oracle by 7.6% during the 4th quarter. Annex Advisory Services LLC now owns 193,989 shares of the enterprise software provider’s stock worth $32,326,000 after buying an additional 13,652 shares during the period. Evanson Asset Management LLC increased its position in shares of Oracle by 4.8% during the fourth quarter. Evanson Asset Management LLC now owns 4,536 shares of the enterprise software provider’s stock worth $756,000 after acquiring an additional 209 shares during the period. Client 1ST Advisory Group LLC acquired a new stake in shares of Oracle in the fourth quarter valued at $287,000. Grove Bank & Trust boosted its holdings in Oracle by 34.9% in the fourth quarter. Grove Bank & Trust now owns 28,318 shares of the enterprise software provider’s stock valued at $4,719,000 after purchasing an additional 7,327 shares during the period. Finally, Cambridge Advisors Inc. increased its holdings in Oracle by 0.7% during the 4th quarter. Cambridge Advisors Inc. now owns 9,165 shares of the enterprise software provider’s stock worth $1,527,000 after purchasing an additional 65 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE ORCL opened at $161.05 on Monday. The business’s 50-day moving average price is $175.44 and its 200 day moving average price is $161.46. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The company has a market capitalization of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.34 EPS. On average, research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Analyst Ratings Changes

ORCL has been the topic of a number of recent research reports. Guggenheim upped their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Piper Sandler raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Cantor Fitzgerald started coverage on Oracle in a report on Friday. They set an “overweight” rating and a $214.00 price target for the company. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.