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

Webster Bank N. A. lessened its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 3.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,237 shares of the enterprise software provider's stock after selling 1,729 shares during the period. Webster Bank N. A.'s holdings in Oracle were worth $7,583,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital & Planning LLC boosted its holdings in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after buying an additional 81 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Oracle in the 4th quarter valued at $51,084,000. Revolve Wealth Partners LLC raised its position in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Oracle during the 4th quarter worth $25,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,366 shares of company stock worth $4,015,723. Insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Bank of America decreased their price target on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Stephens initiated coverage on shares of Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target for the company. Stifel Nicolaus decreased their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the stock a "sector perform" rating in a research note on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $174.42.

Oracle Price Performance

ORCL traded up $2.13 during midday trading on Friday, reaching $165.03. 17,537,919 shares of the company's stock were exchanged, compared to its average volume of 9,527,386. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $461.58 billion, a PE ratio of 40.35, a P/E/G ratio of 3.46 and a beta of 1.27. The business's 50-day moving average price is $144.55 and its 200 day moving average price is $161.07. Oracle Co. has a 1-year low of $117.34 and a 1-year high of $198.31.

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

Oracle Increases Dividend

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

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.