Webster Bank N. A. Has $6.79 Million Stock Position in Oracle Co. (NYSE:ORCL)

Webster Bank N. A. reduced its position in Oracle Co. (NYSE:ORCL) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 64,360 shares of the enterprise software provider’s stock after selling 456 shares during the period. Webster Bank N. A.’s holdings in Oracle were worth $6,785,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Bison Wealth LLC lifted its position in Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after acquiring an additional 91 shares during the last quarter. Founders Capital Management lifted its position in Oracle by 4.0% during the third quarter. Founders Capital Management now owns 2,443 shares of the enterprise software provider’s stock worth $259,000 after acquiring an additional 93 shares during the last quarter. MONECO Advisors LLC lifted its position in Oracle by 1.1% during the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after acquiring an additional 94 shares during the last quarter. Mascoma Wealth Management LLC lifted its position in Oracle by 15.7% during the third quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock worth $74,000 after acquiring an additional 95 shares during the last quarter. Finally, Everhart Financial Group Inc. lifted its position in Oracle by 1.4% during the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after acquiring an additional 96 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ORCL shares. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. UBS Group lowered their target price on shares of Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, December 12th. Morgan Stanley lowered their target price on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Finally, KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Performance

Shares of Oracle stock opened at $126.24 on Thursday. Oracle Co. has a fifty-two week low of $92.93 and a fifty-two week high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $346.97 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.41 and a beta of 1.01. The company’s 50 day moving average price is $117.83 and its two-hundred day moving average price is $111.83.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter last year, the business posted $0.96 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 42.80% of the stock is owned by company insiders.

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.