Oracle Co. (NYSE:ORCL) Shares Sold by Ledyard National Bank

Ledyard National Bank lessened its position in shares of Oracle Co. (NYSE:ORCL) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98,961 shares of the enterprise software provider’s stock after selling 4,763 shares during the quarter. Oracle comprises approximately 1.5% of Ledyard National Bank’s portfolio, making the stock its 15th largest position. Ledyard National Bank’s holdings in Oracle were worth $16,863,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter worth $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle in the first quarter valued at $38,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle in the 1st quarter valued at $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 42.80% of the company’s stock.

Oracle Trading Down 0.5 %

NYSE:ORCL opened at $173.76 on Tuesday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock’s 50 day simple moving average is $157.11 and its 200-day simple moving average is $139.02. The firm has a market cap of $478.86 billion, a P/E ratio of 46.84, a PEG ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. Equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ORCL shares. Citigroup boosted their price target on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Guggenheim increased their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. JMP Securities boosted their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Barclays upped their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $168.67.

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.