Webster Bank N. A. Sells 5,283 Shares of Oracle Corporation $ORCL

Webster Bank N. A. decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 9.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 48,954 shares of the enterprise software provider’s stock after selling 5,283 shares during the period. Oracle makes up approximately 1.1% of Webster Bank N. A.’s investment portfolio, making the stock its 22nd biggest position. Webster Bank N. A.’s holdings in Oracle were worth $10,703,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new stake in Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the first quarter valued at about $28,000. Iron Horse Wealth Management LLC raised its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC purchased a new stake in Oracle during the fourth quarter valued at about $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Oracle during the fourth quarter valued at about $36,000. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,183 shares of company stock worth $10,353,198 in the last three months. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, September 8th. Evercore ISI raised their price target on Oracle from $270.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Melius Research raised their price target on Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. KeyCorp raised their price target on Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, June 12th. Finally, Roth Capital reiterated a “hold” rating on shares of Oracle in a report on Wednesday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $296.84.

Oracle Stock Down 5.1%

ORCL stock opened at $292.07 on Monday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The business’s 50 day moving average price is $244.69 and its two-hundred day moving average price is $190.68. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $829.98 billion, a price-to-earnings ratio of 67.61, a price-to-earnings-growth ratio of 3.16 and a beta of 1.46.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s payout ratio is currently 46.30%.

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.