Ledyard National Bank Lowers Holdings in Oracle Co. (NYSE:ORCL)

Ledyard National Bank reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 114,146 shares of the enterprise software provider’s stock after selling 359 shares during the period. Oracle makes up about 1.2% of Ledyard National Bank’s holdings, making the stock its 25th largest holding. Ledyard National Bank’s holdings in Oracle were worth $12,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Orion Capital Management LLC purchased a new position in Oracle during the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in Oracle during the third quarter valued at $27,000. Cornerstone Planning Group LLC grew its stake in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in shares of Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the business’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 owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on ORCL shares. Piper Sandler dropped their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. The Goldman Sachs Group lifted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. BMO Capital Markets lifted their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, HSBC increased their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Down 0.6 %

Shares of NYSE:ORCL traded down $0.71 during trading hours on Monday, hitting $116.50. The company’s stock had a trading volume of 5,189,586 shares, compared to its average volume of 8,437,914. The firm’s fifty day moving average price is $119.52 and its 200 day moving average price is $113.21. Oracle Co. has a 52 week low of $93.85 and a 52 week high of $132.77. The company has a market capitalization of $320.20 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 2.35 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. As a group, research analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

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.