Webster Bank N. A. Lowers Holdings in Oracle Co. (NYSE:ORCL)

Webster Bank N. A. trimmed its holdings in Oracle Co. (NYSE:ORCL) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,116 shares of the enterprise software provider’s stock after selling 2,407 shares during the quarter. Oracle accounts for approximately 1.0% of Webster Bank N. A.’s investment portfolio, making the stock its 26th biggest holding. Webster Bank N. A.’s holdings in Oracle were worth $7,755,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. First Bank & Trust boosted its holdings in Oracle by 3.1% in the second quarter. First Bank & Trust now owns 3,223 shares of the enterprise software provider’s stock valued at $384,000 after purchasing an additional 98 shares during the last quarter. SJS Investment Consulting Inc. raised its position in shares of Oracle by 48.1% in the second quarter. SJS Investment Consulting Inc. now owns 308 shares of the enterprise software provider’s stock worth $37,000 after acquiring an additional 100 shares during the period. Beacon Capital Management LLC raised its position in shares of Oracle by 4.2% in the second quarter. Beacon Capital Management LLC now owns 2,482 shares of the enterprise software provider’s stock worth $295,000 after acquiring an additional 100 shares during the period. Constitution Capital LLC raised its position in shares of Oracle by 3.4% in the second quarter. Constitution Capital LLC now owns 3,000 shares of the enterprise software provider’s stock worth $357,000 after acquiring an additional 100 shares during the period. Finally, Carolinas Wealth Consulting LLC raised its position in shares of Oracle by 0.7% in the first quarter. Carolinas Wealth Consulting LLC now owns 14,912 shares of the enterprise software provider’s stock worth $104,000 after acquiring an additional 102 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Maria Smith sold 1,320 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $116.78, for a total value of $154,149.60. Following the sale, the executive vice president now directly owns 20,280 shares in the company, valued at approximately $2,368,298.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of Oracle stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $120.95, for a total transaction of $211,662,500.00. Following the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $138,576,328,095.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Smith sold 1,320 shares of Oracle stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $116.78, for a total transaction of $154,149.60. Following the sale, the executive vice president now owns 20,280 shares in the company, valued at $2,368,298.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,845,000 shares of company stock worth $222,934,550. 43.70% of the stock is currently owned by corporate insiders.

Oracle Trading Up 0.4 %

Shares of NYSE:ORCL traded up $0.48 during mid-day trading on Tuesday, reaching $112.69. 5,224,715 shares of the company were exchanged, compared to its average volume of 9,137,192. The company has a debt-to-equity ratio of 29.72, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $308.75 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 2.98 and a beta of 1.00. The firm’s 50-day simple moving average is $117.28 and its 200 day simple moving average is $106.40. Oracle Co. has a 1 year low of $60.78 and a 1 year high of $127.54.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.48 billion. Oracle had a net margin of 18.40% and a negative return on equity of 470.73%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. Equities research analysts forecast that Oracle Co. will post 4.49 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, October 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.42%. Oracle’s payout ratio is 47.62%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORCL. Bank of America upped their price objective on shares of Oracle from $112.00 to $132.00 in a research report on Tuesday, June 13th. Mizuho restated a “buy” rating and set a $150.00 price target on shares of Oracle in a research report on Tuesday. UBS Group reduced their price target on shares of Oracle from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, September 12th. JPMorgan Chase & Co. downgraded shares of Oracle from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $112.00 to $100.00 in a research report on Wednesday, September 13th. Finally, Wolfe Research upped their price target on shares of Oracle from $130.00 to $140.00 in a research report on Tuesday, June 13th. Twelve investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $123.06.

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.