NBT Bank N A NY Has $2.67 Million Position in Oracle Co. (ORCL)

NBT Bank N A NY decreased its position in shares of Oracle Co. (NYSE:ORCL) by 34.5% during the first quarter, Holdings Channel reports. The institutional investor owned 59,816 shares of the enterprise software provider’s stock after selling 31,503 shares during the period. NBT Bank N A NY’s holdings in Oracle were worth $2,669,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ORCL. Kernodle & Katon Asset Management Group LLC raised its stake in Oracle by 0.6% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 4,226 shares of the enterprise software provider’s stock worth $166,000 after buying an additional 25 shares during the period. Zions Bancorporation raised its stake in Oracle by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock worth $152,000 after buying an additional 36 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in Oracle by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock worth $257,000 after buying an additional 38 shares during the period. Carroll Financial Associates Inc. raised its stake in Oracle by 0.4% in the first quarter. Carroll Financial Associates Inc. now owns 17,268 shares of the enterprise software provider’s stock worth $770,000 after buying an additional 74 shares during the period. Finally, Howe & Rusling Inc. raised its stake in Oracle by 2.1% in the first quarter. Howe & Rusling Inc. now owns 4,157 shares of the enterprise software provider’s stock worth $185,000 after buying an additional 84 shares during the period. 57.95% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Oracle Co. (NYSE:ORCL) opened at 45.42 on Friday. The firm has a market capitalization of $186.89 billion, a P/E ratio of 21.49 and a beta of 1.14. Oracle Co. has a 1-year low of $37.62 and a 1-year high of $46.99. The company has a 50-day moving average price of $45.04 and a 200 day moving average price of $42.32.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. The company had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $9.25 billion. Oracle had a return on equity of 21.33% and a net margin of 23.69%. Oracle’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share. Analysts expect that Oracle Co. will post $2.63 earnings per share for the current fiscal year.

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A number of research firms recently weighed in on ORCL. Bank of America Corp reaffirmed a “buy” rating and issued a $42.58 price objective (down from $48.00) on shares of Oracle in a research note on Tuesday, March 14th. Royal Bank of Canada upped their price objective on shares of Oracle from $43.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, March 13th. Macquarie reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Oracle in a research note on Tuesday, March 14th. JMP Securities raised shares of Oracle from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $42.00 to $43.00 in a research note on Thursday, March 16th. Finally, Cowen and Company upped their price objective on shares of Oracle to $48.00 in a research note on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.42.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $45.25, for a total transaction of $169,687.50. Following the sale, the director now directly owns 8,281 shares in the company, valued at $374,715.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $46.61, for a total value of $18,644,000.00. Following the sale, the insider now owns 400,000 shares in the company, valued at $18,644,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,834,841 shares of company stock worth $309,094,949. 29.00% of the stock is owned by company insiders.

About Oracle

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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