Bangor Savings Bank Sells 122 Shares of Oracle Co. (NYSE:ORCL)

Bangor Savings Bank cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,999 shares of the enterprise software provider’s stock after selling 122 shares during the quarter. Bangor Savings Bank’s holdings in Oracle were worth $279,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Cookson Peirce & Co. Inc. increased its holdings in shares of Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after purchasing an additional 60 shares during the period. Warther Private Wealth LLC increased its holdings in shares of Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after purchasing an additional 63 shares during the period. Howard Bailey Securities LLC increased its holdings in shares of Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock worth $379,000 after purchasing an additional 64 shares during the period. New England Capital Financial Advisors LLC increased its holdings in shares of Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after purchasing an additional 64 shares during the period. Finally, Cape ANN Savings Bank boosted its position in shares of Oracle by 1.1% during the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock worth $970,000 after acquiring an additional 65 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. Mizuho reduced their price target on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Bank of America reduced their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Jefferies Financial Group reduced their price target on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, Evercore ISI reduced their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $174.42.

Oracle Price Performance

ORCL stock opened at $174.22 on Monday. The company has a fifty day moving average price of $147.20 and a 200-day moving average price of $160.24. The company has a market capitalization of $487.29 billion, a P/E ratio of 42.60, a PEG ratio of 3.46 and a beta of 1.32. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 EPS. As a group, equities analysts expect that Oracle Co. will post 5 EPS for the current year.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction on 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 in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. Insiders own 42.20% 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.