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

Webster Bank N. A. trimmed its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,407 shares of the enterprise software provider's stock after selling 3,235 shares during the quarter. Oracle comprises about 1.0% of Webster Bank N. A.'s investment portfolio, making the stock its 22nd largest holding. Webster Bank N. A.'s holdings in Oracle were worth $9,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in Oracle in the second quarter worth $27,000. Westend Capital Management LLC bought a new position in Oracle during the 1st quarter worth $25,000. POM Investment Strategies LLC acquired a new position in Oracle during the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the second quarter worth $35,000. Finally, Quest Partners LLC acquired a new position in Oracle during the second quarter valued at $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ORCL shares. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. Oppenheimer reissued a "market perform" rating on shares of Oracle in a research report on Tuesday, September 10th. Mizuho raised their target price on Oracle from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Oracle from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, June 17th. Finally, Argus boosted their price target on shares of Oracle from $145.00 to $159.00 and gave the company a "buy" rating in a research report on Tuesday, June 18th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $167.42.

Oracle Trading Up 0.2 %

NYSE:ORCL traded up $0.36 on Friday, hitting $175.77. The stock had a trading volume of 5,869,413 shares, compared to its average volume of 8,534,808. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $484.40 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 3.29 and a beta of 1.01. The company has a fifty day moving average price of $151.64 and a two-hundred day moving average price of $136.92. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. Equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.91%. Oracle's dividend payout ratio is currently 43.13%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Maria Smith sold 6,320 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,146,320 shares of company stock valued at $164,762,400. Corporate insiders own 42.80% of the company's stock.

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.