First County Bank CT Cuts Stock Position in Oracle Co. (NYSE:ORCL)

First County Bank CT trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 8.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,453 shares of the enterprise software provider’s stock after selling 225 shares during the period. First County Bank CT’s holdings in Oracle were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle in the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in Oracle in the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC purchased a new position in Oracle during the 2nd quarter worth approximately $40,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 1.1 %

ORCL opened at $192.81 on Friday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $534.29 billion, a price-to-earnings ratio of 49.69, a price-to-earnings-growth ratio of 3.48 and a beta of 1.02. The company’s 50 day simple moving average is $175.02 and its two-hundred day simple moving average is $148.68.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the business earned $0.95 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.83%. Oracle’s payout ratio is 41.24%.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ORCL shares. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Bank of America upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Royal Bank of Canada began coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price on the stock. Finally, Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $169.52.

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.