M&T Bank Corp Reduces Position in Oracle Co. (NYSE:ORCL)

M&T Bank Corp decreased its position in Oracle Co. (NYSE:ORCL) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 977,388 shares of the enterprise software provider’s stock after selling 91,833 shares during the period. M&T Bank Corp’s holdings in Oracle were worth $103,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bordeaux Wealth Advisors LLC grew its position in Oracle by 2.5% during the 4th quarter. Bordeaux Wealth Advisors LLC now owns 5,780 shares of the enterprise software provider’s stock worth $609,000 after purchasing an additional 141 shares during the period. 9258 Wealth Management LLC boosted its stake in shares of Oracle by 0.6% in the fourth quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock worth $9,519,000 after buying an additional 560 shares during the last quarter. Carson Advisory Inc. acquired a new stake in Oracle during the fourth quarter worth about $208,000. Benjamin F. Edwards & Company Inc. raised its position in Oracle by 268.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 93,348 shares of the enterprise software provider’s stock valued at $9,841,000 after acquiring an additional 68,020 shares in the last quarter. Finally, SouthState Corp lifted its holdings in Oracle by 5.9% in the fourth quarter. SouthState Corp now owns 140,037 shares of the enterprise software provider’s stock valued at $14,764,000 after acquiring an additional 7,864 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday. The Goldman Sachs Group raised their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. HSBC upped their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets increased their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insiders Place Their Bets

In related news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Oracle news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The disclosure for this sale can be found here. 42.80% of the stock is owned by insiders.

Oracle Trading Up 0.7 %

NYSE ORCL traded up $0.84 on Friday, reaching $115.80. 4,484,976 shares of the company were exchanged, compared to its average volume of 6,128,065. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The business’s fifty day moving average price is $119.91 and its 200 day moving average price is $113.32. The stock has a market capitalization of $318.28 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Oracle Co. has a fifty-two week low of $94.41 and a fifty-two week high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

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.