Fulton Bank N.A. Lowers Stock Holdings in Oracle Co. (NYSE:ORCL)

Fulton Bank N.A. reduced its holdings in Oracle Co. (NYSE:ORCL) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,068 shares of the enterprise software provider’s stock after selling 1,672 shares during the period. Fulton Bank N.A.’s holdings in Oracle were worth $6,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. R Squared Ltd purchased a new stake in Oracle in the 4th quarter worth $25,000. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle during the 4th quarter worth about $34,000. Finally, TFC Financial Management Inc. lifted its stake in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

NYSE:ORCL opened at $166.45 on Tuesday. Oracle Co. has a 52 week low of $117.34 and a 52 week high of $198.31. The stock’s fifty day moving average is $144.92 and its two-hundred day moving average is $160.76. The company has a market capitalization of $465.55 billion, a P/E ratio of 40.70, a P/E/G ratio of 3.46 and a beta of 1.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Analyst Ratings Changes

Several research firms have commented on ORCL. Barclays cut their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Citigroup reduced their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Guggenheim reaffirmed a “buy” rating and set a $220.00 target price on shares of Oracle in a research note on Thursday, April 3rd. DA Davidson reduced their target price on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.42.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director now owns 31,764 shares of the company’s stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company’s stock.

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.