Ledyard National Bank Has $12.03 Million Stake in Oracle Co. (NYSE:ORCL)

Ledyard National Bank lowered its position in Oracle Co. (NYSE:ORCL) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,146 shares of the enterprise software provider’s stock after selling 359 shares during the quarter. Oracle makes up about 1.2% of Ledyard National Bank’s investment portfolio, making the stock its 25th largest holding. Ledyard National Bank’s holdings in Oracle were worth $12,034,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Anchor Capital Advisors LLC boosted its position in Oracle by 34.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 4,675 shares of the enterprise software provider’s stock worth $493,000 after purchasing an additional 1,200 shares during the period. Adell Harriman & Carpenter Inc. boosted its holdings in shares of Oracle by 5.2% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 50,344 shares of the enterprise software provider’s stock worth $5,308,000 after buying an additional 2,492 shares during the period. Israel Discount Bank of New York grew its stake in Oracle by 57.1% in the 4th quarter. Israel Discount Bank of New York now owns 5,747 shares of the enterprise software provider’s stock valued at $606,000 after buying an additional 2,089 shares during the last quarter. Choreo LLC raised its holdings in Oracle by 27.2% in the 4th quarter. Choreo LLC now owns 31,341 shares of the enterprise software provider’s stock valued at $3,304,000 after acquiring an additional 6,697 shares during the period. Finally, Mather Group LLC. raised its holdings in Oracle by 8.8% in the 4th quarter. Mather Group LLC. now owns 25,597 shares of the enterprise software provider’s stock valued at $2,699,000 after acquiring an additional 2,071 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ORCL shares. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. Piper Sandler decreased their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. HSBC raised their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets increased their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Trading Down 0.6 %

Oracle stock traded down $0.71 during mid-day trading on Monday, hitting $116.50. 5,189,586 shares of the stock were exchanged, compared to its average volume of 8,437,914. The firm’s fifty day simple moving average is $119.52 and its two-hundred day simple moving average is $113.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12 month low of $93.85 and a 12 month high of $132.77. The stock has a market capitalization of $320.20 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.35 and a beta of 1.01.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.80% of the company’s stock.

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.