NBT Bank N A NY Sells 909 Shares of Oracle Co. (NYSE:ORCL)

NBT Bank N A NY lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,872 shares of the enterprise software provider’s stock after selling 909 shares during the quarter. NBT Bank N A NY’s holdings in Oracle were worth $7,252,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Sunbeam Capital Management LLC bought a new stake in Oracle during the fourth quarter worth about $30,000. Hurley Capital LLC purchased a new position in shares of Oracle during the 4th quarter valued at about $33,000. Synergy Investment Management LLC bought a new stake in Oracle in the 4th quarter worth approximately $34,000. Mpwm Advisory Solutions LLC purchased a new stake in Oracle in the fourth quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in Oracle during the fourth quarter valued at approximately $36,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 427,366 shares of company stock worth $80,183,723 in the last 90 days. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ORCL. Royal Bank of Canada boosted their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 price target (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Piper Sandler reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Oracle in a research note on Wednesday, June 11th. Stifel Nicolaus lifted their price objective on Oracle from $150.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, June 12th. Finally, Jefferies Financial Group increased their target price on Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 9th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.32.

Oracle Stock Performance

Shares of Oracle stock opened at $210.94 on Tuesday. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $216.60. The firm has a market capitalization of $589.98 billion, a P/E ratio of 51.57, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a fifty day simple moving average of $154.61 and a two-hundred day simple moving average of $160.49.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period last year, the company posted $1.63 EPS. Oracle’s revenue was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s dividend payout ratio is currently 46.08%.

About Oracle

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.