Bangor Savings Bank Raises Stake in Oracle Co. (NYSE:ORCL)

Bangor Savings Bank boosted its position in Oracle Co. (NYSE:ORCL) by 31.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,120 shares of the enterprise software provider’s stock after buying an additional 513 shares during the period. Bangor Savings Bank’s holdings in Oracle were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Eagle Rock Investment Company LLC boosted its position in Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after buying an additional 64 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Oracle by 1.7% in the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after acquiring an additional 65 shares during the period. First International Bank & Trust lifted its holdings in Oracle by 1.8% in the third quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock valued at $636,000 after acquiring an additional 67 shares during the period. Werlinich Asset Management LLC lifted its holdings in Oracle by 3.1% in the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after acquiring an additional 70 shares during the period. Finally, Smith Anglin Financial LLC lifted its holdings in Oracle by 2.0% in the third quarter. Smith Anglin Financial LLC now owns 3,716 shares of the enterprise software provider’s stock valued at $633,000 after acquiring an additional 74 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORCL. Piper Sandler upped their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Stifel Nicolaus increased their price objective on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. DA Davidson increased their price objective on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Bank of America upped their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, TD Cowen upped their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $167.42.

Oracle Price Performance

ORCL stock opened at $174.43 on Wednesday. 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 $483.36 billion, a P/E ratio of 47.02, a P/E/G ratio of 3.09 and a beta of 1.01. The business’s 50-day moving average is $148.47 and its two-hundred day moving average is $135.53. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $174.64.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the company earned $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Transactions at Oracle

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,146,320 shares of company stock valued at $164,762,400. Corporate 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.