Citizens & Northern Corp Sells 92 Shares of Oracle Co. (NYSE:ORCL)

Citizens & Northern Corp reduced its holdings in Oracle Co. (NYSE:ORCL) by 0.7% in the 4th quarter, Holdings Channel reports. The fund owned 13,757 shares of the enterprise software provider’s stock after selling 92 shares during the quarter. Citizens & Northern Corp’s holdings in Oracle were worth $1,450,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FineMark National Bank & Trust raised its position in Oracle by 8.7% in the 4th quarter. FineMark National Bank & Trust now owns 127,147 shares of the enterprise software provider’s stock valued at $13,405,000 after buying an additional 10,192 shares during the last quarter. US Bancorp DE raised its holdings in shares of Oracle by 9.4% in the fourth quarter. US Bancorp DE now owns 1,509,227 shares of the enterprise software provider’s stock valued at $159,118,000 after purchasing an additional 130,150 shares during the last quarter. BlackDiamond Wealth Management LLC acquired a new position in Oracle during the fourth quarter worth $228,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Oracle by 6.9% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 11,599 shares of the enterprise software provider’s stock valued at $1,223,000 after purchasing an additional 745 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new stake in Oracle during the 4th quarter worth about $102,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORCL. BMO Capital Markets raised their price objective on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Argus raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, Oppenheimer began coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating for the company. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Performance

Shares of Oracle stock traded down $1.06 during trading on Thursday, reaching $123.54. The company’s stock had a trading volume of 3,777,370 shares, compared to its average volume of 7,983,998. Oracle Co. has a 52 week low of $97.29 and a 52 week high of $132.77. The firm has a market cap of $339.55 billion, a PE ratio of 32.88, a P/E/G ratio of 2.90 and a beta of 1.03. The business’s 50-day moving average price is $121.40 and its 200-day moving average price is $114.83. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.30%. Oracle’s dividend payout ratio is presently 42.22%.

Insider Activity

In related news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the transaction, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the sale, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The disclosure for this sale can be found here. In the last three months, insiders sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is currently owned by company insiders.

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.