Bremer Bank National Association Decreases Stock Position in Oracle Co. (NYSE:ORCL)

Bremer Bank National Association cut its holdings in Oracle Co. (NYSE:ORCL) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,217 shares of the enterprise software provider’s stock after selling 151 shares during the quarter. Bremer Bank National Association’s holdings in Oracle were worth $703,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. RMR Wealth Builders raised its stake in shares of Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after purchasing an additional 3,300 shares during the last quarter. Chase Investment Counsel Corp purchased a new position in shares of Oracle in the third quarter worth about $4,160,000. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after purchasing an additional 126,985 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of Oracle stock opened at $161.05 on Monday. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50 day moving average price is $175.44 and its 200 day moving average price is $161.46.

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

Oracle Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on ORCL shares. Cantor Fitzgerald assumed coverage on Oracle in a research note on Friday. They issued an “overweight” rating and a $214.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. KeyCorp lifted their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Sanford C. Bernstein lifted their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.