Oracle Co. (ORCL) Stake Decreased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. reduced its position in Oracle Co. (NYSE:ORCL) by 7.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,978 shares of the enterprise software provider’s stock after selling 13,536 shares during the period. Oracle accounts for about 1.5% of Canandaigua National Bank & Trust Co.’s portfolio, making the stock its 11th largest position. Canandaigua National Bank & Trust Co.’s holdings in Oracle were worth $8,248,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Buckingham Asset Management LLC boosted its stake in Oracle by 16.0% in the 3rd quarter. Buckingham Asset Management LLC now owns 28,330 shares of the enterprise software provider’s stock worth $1,461,000 after purchasing an additional 3,908 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its stake in Oracle by 2.9% in the 3rd quarter. Bbva Compass Bancshares Inc. now owns 289,576 shares of the enterprise software provider’s stock worth $14,931,000 after purchasing an additional 8,215 shares in the last quarter. Hollencrest Capital Management boosted its stake in Oracle by 18.5% in the 3rd quarter. Hollencrest Capital Management now owns 60,371 shares of the enterprise software provider’s stock worth $3,113,000 after purchasing an additional 9,405 shares in the last quarter. Usca Ria LLC boosted its stake in Oracle by 2.8% in the 3rd quarter. Usca Ria LLC now owns 69,377 shares of the enterprise software provider’s stock worth $3,577,000 after purchasing an additional 1,882 shares in the last quarter. Finally, Wedgewood Investors Inc. PA acquired a new stake in Oracle in the 3rd quarter worth approximately $230,000. Institutional investors and hedge funds own 53.38% of the company’s stock.

NYSE:ORCL opened at $50.61 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41. The company has a market cap of $203.88 billion, a PE ratio of 17.95, a PEG ratio of 1.65 and a beta of 1.12. Oracle Co. has a 1-year low of $42.57 and a 1-year high of $53.48.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.03. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.26 billion. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Analysts expect that Oracle Co. will post 3.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, October 15th. Oracle’s dividend payout ratio (DPR) is 26.95%.

Oracle declared that its board has authorized a stock repurchase plan on Monday, September 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to repurchase up to 5.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

A number of analysts recently commented on ORCL shares. Barclays lifted their target price on shares of Oracle from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, September 7th. Nomura set a $58.00 price target on shares of Oracle and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Bank of America raised their price target on shares of Oracle from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 18th. Wells Fargo & Co reduced their price target on shares of Oracle from $62.50 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, September 18th. Finally, Credit Suisse Group reissued a “buy” rating and set a $60.00 price target on shares of Oracle in a research report on Tuesday, September 18th. Seventeen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Oracle has a consensus rating of “Hold” and an average price target of $53.71.

In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $185,325.00. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,382,227.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 131,696 shares of Oracle stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the transaction, the executive vice president now directly owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,946 shares of company stock valued at $7,248,965. Insiders own 32.00% of the company’s stock.

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Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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