Security National Bank of Sioux City Iowa IA Sells 155 Shares of Oracle Co. (NYSE:ORCL)

Security National Bank of Sioux City Iowa IA reduced its position in Oracle Co. (NYSE:ORCL) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,456 shares of the enterprise software provider’s stock after selling 155 shares during the quarter. Oracle comprises about 2.7% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 5th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Oracle were worth $3,909,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Pines Wealth Management LLC acquired a new position in Oracle during the fourth quarter worth about $236,000. Park Avenue Securities LLC grew its holdings in shares of Oracle by 22.5% during the 4th quarter. Park Avenue Securities LLC now owns 29,095 shares of the enterprise software provider’s stock valued at $4,848,000 after purchasing an additional 5,352 shares during the last quarter. ARS Wealth Advisors Group LLC increased its position in Oracle by 4.1% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 2,124 shares of the enterprise software provider’s stock worth $354,000 after purchasing an additional 83 shares in the last quarter. CHURCHILL MANAGEMENT Corp lifted its stake in Oracle by 1.6% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 23,142 shares of the enterprise software provider’s stock valued at $3,856,000 after purchasing an additional 368 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in Oracle by 3.7% in the fourth quarter. Armstrong Advisory Group Inc. now owns 11,253 shares of the enterprise software provider’s stock valued at $1,875,000 after buying an additional 400 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BMO Capital Markets lowered their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. DA Davidson lowered their price objective on Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Citigroup dropped their price objective on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Bank of America reduced their target price on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, Guggenheim reaffirmed a “buy” rating and set a $220.00 price target on shares of Oracle in a research note on Thursday, April 3rd. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.42.

Oracle Stock Performance

Shares of ORCL stock opened at $159.02 on Friday. The firm has a 50 day moving average of $142.59 and a 200-day moving average of $162.66. The company has a market cap of $444.77 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. 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 $114.55 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a $0.50 dividend. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.26%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is presently 46.95%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company’s stock.

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.