Canandaigua National Bank & Trust Co. Sells 2,813 Shares of Oracle Corporation $ORCL

Canandaigua National Bank & Trust Co. reduced its stake in shares of Oracle Corporation (NYSE:ORCL) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,695 shares of the enterprise software provider’s stock after selling 2,813 shares during the quarter. Oracle makes up approximately 1.8% of Canandaigua National Bank & Trust Co.’s portfolio, making the stock its 10th largest position. Canandaigua National Bank & Trust Co.’s holdings in Oracle were worth $20,726,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Versor Investments LP purchased a new position in Oracle in the first quarter valued at about $590,000. Venture Visionary Partners LLC increased its position in Oracle by 8.0% in the 1st quarter. Venture Visionary Partners LLC now owns 24,029 shares of the enterprise software provider’s stock worth $3,360,000 after purchasing an additional 1,782 shares during the last quarter. Finally, Humankind Investments LLC increased its position in Oracle by 9.0% in the 1st quarter. Humankind Investments LLC now owns 1,532 shares of the enterprise software provider’s stock worth $214,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Clayton M. Magouyrk sold 40,000 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the transaction, the chief executive officer owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. The trade was a 20.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 5,000 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the completion of the sale, the executive vice president directly owned 47,083 shares of the company’s stock, valued at approximately $13,212,431.46. This trade represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 155,190 shares of company stock valued at $45,279,001 in the last 90 days. 40.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Redburn Partners set a $175.00 price target on Oracle in a research note on Thursday, September 25th. Royal Bank Of Canada decreased their target price on shares of Oracle from $310.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, December 11th. Berenberg Bank increased their price target on shares of Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a research note on Monday, September 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $342.00 price objective on shares of Oracle in a research note on Friday, October 17th. Finally, Guggenheim reiterated a “buy” rating and issued a $400.00 price objective on shares of Oracle in a report on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $302.92.

Oracle Stock Down 5.4%

ORCL stock opened at $178.46 on Thursday. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50-day moving average of $239.32 and a two-hundred day moving average of $241.81. The stock has a market capitalization of $512.74 billion, a price-to-earnings ratio of 33.55, a price-to-earnings-growth ratio of 1.70 and a beta of 1.66. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The business had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the previous year, the firm earned $1.47 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s dividend payout ratio is currently 37.59%.

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.