Camden National Bank decreased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,384 shares of the enterprise software provider's stock after selling 2,623 shares during the quarter. Oracle accounts for approximately 2.3% of Camden National Bank's investment portfolio, making the stock its 6th largest position. Camden National Bank's holdings in Oracle were worth $16,253,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Oracle in the second quarter worth about $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $35,000. Reston Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter valued at approximately $44,000. Finally, Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter valued at approximately $40,000. Institutional investors own 42.44% of the company's stock.
In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company's stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 42.20% of the company's stock.
A number of research firms have weighed in on ORCL. Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Mizuho increased their target price on shares of Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. TD Cowen increased their price target on Oracle from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, DA Davidson increased their price target on Oracle from $105.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $169.52.
Check Out Our Latest Analysis on Oracle
Shares of NYSE:ORCL opened at $192.29 on Friday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04. The stock has a market cap of $532.85 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 3.55 and a beta of 1.02. The stock's fifty day simple moving average is $175.62 and its two-hundred day simple moving average is $149.20. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.
Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the firm posted $0.95 EPS. The business's revenue was up 6.9% compared to the same quarter last year. As a group, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio is presently 41.24%.
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.
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