Czech National Bank Grows Holdings in Oracle Corporation $ORCL

Czech National Bank grew its position in Oracle Corporation (NYSE:ORCL) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 420,897 shares of the enterprise software provider’s stock after acquiring an additional 23,334 shares during the period. Oracle comprises approximately 0.8% of Czech National Bank’s investment portfolio, making the stock its 17th biggest position. Czech National Bank’s holdings in Oracle were worth $118,373,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Ignite Planners LLC raised its holdings in Oracle by 7.6% in the 3rd quarter. Ignite Planners LLC now owns 3,955 shares of the enterprise software provider’s stock worth $1,112,000 after purchasing an additional 278 shares during the period. Chesley Taft & Associates LLC grew its holdings in Oracle by 2.3% in the third quarter. Chesley Taft & Associates LLC now owns 174,033 shares of the enterprise software provider’s stock valued at $48,945,000 after purchasing an additional 3,976 shares during the period. M.E. Allison & CO. Inc. grew its holdings in Oracle by 9.2% in the third quarter. M.E. Allison & CO. Inc. now owns 1,065 shares of the enterprise software provider’s stock valued at $300,000 after purchasing an additional 90 shares during the period. Carr Financial Group Corp increased its position in shares of Oracle by 7.5% in the third quarter. Carr Financial Group Corp now owns 1,842 shares of the enterprise software provider’s stock valued at $518,000 after buying an additional 129 shares in the last quarter. Finally, Sendero Wealth Management LLC raised its stake in shares of Oracle by 739.1% during the 3rd quarter. Sendero Wealth Management LLC now owns 18,738 shares of the enterprise software provider’s stock worth $5,270,000 after buying an additional 16,505 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

ORCL opened at $179.93 on Friday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The firm has a market capitalization of $516.97 billion, a PE ratio of 33.82, a PEG ratio of 1.61 and a beta of 1.66. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28. The firm’s 50-day moving average price is $236.98 and its 200 day moving average price is $241.38.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. The company had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. Oracle’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS. As a group, sell-side analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. Oracle’s dividend payout ratio (DPR) is presently 37.59%.

Analyst Ratings Changes

A number of research firms recently issued reports on ORCL. Jefferies Financial Group lifted their price target on shares of Oracle from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $375.00 price objective on shares of Oracle in a report on Wednesday, November 26th. TD Cowen cut their target price on shares of Oracle from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Melius Research upped their price target on shares of Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Finally, Berenberg Bank raised their price target on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research note on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $302.92.

Insider Activity at Oracle

In other news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the transaction, the insider owned 132,656 shares in the company, valued at $42,603,800.96. The trade was a 20.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stuart Levey sold 19,758 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the transaction, the executive vice president directly owned 18,429 shares in the company, valued at approximately $5,528,700. The trade was a 51.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 155,190 shares of company stock valued at $45,279,001 in the last three months. Company insiders own 40.90% 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.