First County Bank CT Has $1.87 Million Position in Oracle Co. (NYSE:ORCL)

First County Bank CT increased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 471.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,400 shares of the enterprise software provider's stock after purchasing an additional 11,056 shares during the period. Oracle makes up 1.0% of First County Bank CT's investment portfolio, making the stock its 24th biggest holding. First County Bank CT's holdings in Oracle were worth $1,873,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. McClarren Financial Advisors Inc. boosted its stake in shares of Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $266,000 after purchasing an additional 1,069 shares during the last quarter. Crews Bank & Trust bought a new stake in Oracle in the 4th quarter valued at $1,800,000. Boston Trust Walden Corp raised its position in Oracle by 40.8% in the 4th quarter. Boston Trust Walden Corp now owns 564,030 shares of the enterprise software provider's stock valued at $93,990,000 after buying an additional 163,543 shares during the last quarter. CENTRAL TRUST Co grew its position in Oracle by 10.8% in the fourth quarter. CENTRAL TRUST Co now owns 43,851 shares of the enterprise software provider's stock valued at $7,307,000 after purchasing an additional 4,259 shares in the last quarter. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $12,738,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 1.3%

Shares of ORCL stock traded up $2.13 during trading hours on Friday, reaching $165.03. The company had a trading volume of 17,537,919 shares, compared to its average volume of 9,540,299. The company has a market capitalization of $461.58 billion, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The stock's fifty day simple moving average is $144.55 and its 200 day simple moving average is $161.26. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 46.95%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Bank of America decreased their price target on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. BMO Capital Markets cut their target price on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 11th. Finally, Evercore ISI lowered their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $174.42.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company's stock.

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.