Webster Bank N. A. Trims Position in Oracle Co. (NYSE:ORCL)

Webster Bank N. A. lessened its stake in Oracle Co. (NYSE:ORCLFree Report) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 64,360 shares of the enterprise software provider’s stock after selling 456 shares during the quarter. Webster Bank N. A.’s holdings in Oracle were worth $6,785,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bison Wealth LLC increased its stake in Oracle by 0.8% in the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after buying an additional 91 shares during the period. Founders Capital Management increased its stake in Oracle by 4.0% in the 3rd quarter. Founders Capital Management now owns 2,443 shares of the enterprise software provider’s stock worth $259,000 after buying an additional 93 shares during the period. MONECO Advisors LLC increased its stake in Oracle by 1.1% in the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after buying an additional 94 shares during the period. Mascoma Wealth Management LLC increased its stake in Oracle by 15.7% in the 3rd quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock worth $74,000 after buying an additional 95 shares during the period. Finally, Everhart Financial Group Inc. grew its holdings in Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 1.5 %

ORCL stock opened at $126.24 on Thursday. The firm has a 50 day moving average of $117.83 and a 200 day moving average of $111.83. The stock has a market capitalization of $346.97 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01. 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 Co. has a 52 week low of $92.93 and a 52 week high of $132.77.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly 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 company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the firm posted $0.96 EPS. Oracle’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Analysts Set New Price Targets

ORCL has been the topic of several recent research reports. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. The Goldman Sachs Group increased their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Wolfe Research dropped their target price on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, December 12th. BMO Capital Markets increased their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Finally, Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Read Our Latest Stock Report on Oracle

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 directly 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 accessible through this link. 42.80% of the stock is currently owned by insiders.

Oracle Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLFree Report).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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