Fulton Bank N.A. Trims Stock Holdings in Oracle Co. (NYSE:ORCL)

Fulton Bank N.A. lowered its position in Oracle Co. (NYSE:ORCL - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,068 shares of the enterprise software provider's stock after selling 1,672 shares during the quarter. Fulton Bank N.A.'s holdings in Oracle were worth $6,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of ORCL. R Squared Ltd purchased a new stake in Oracle in the 4th quarter worth approximately $25,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Hurley Capital LLC purchased a new stake in Oracle in the fourth quarter worth $33,000. Synergy Investment Management LLC bought a new stake in Oracle in the fourth quarter valued at $34,000. Finally, TFC Financial Management Inc. increased its position in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded down $0.97 during trading hours on Wednesday, reaching $168.17. The company had a trading volume of 6,372,366 shares, compared to its average volume of 9,505,014. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business has a fifty day moving average price of $145.39 and a 200-day moving average price of $160.82. Oracle Co. has a one year low of $118.72 and a one year high of $198.31. The firm has a market cap of $470.36 billion, a PE ratio of 41.12, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

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

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is 46.95%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research analyst reports. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Stephens initiated coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective on the stock. UBS Group reissued a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. KeyCorp reissued an "overweight" rating and set a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Finally, Citigroup reduced their price target on Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was 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 of the company's stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by insiders.

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.