Bangor Savings Bank reduced its holdings in Oracle Co. (NYSE: ORCL) by 37.6% in the first quarter, according to a recent filing with the SEC. The bank sold 886 shares, leaving them with 1,470 shares valued at $185,000. Other institutional investors such as Orion Capital Management LLC, Spartan Planning & Wealth Management, Tidemark LLC, Frank Rimerman Advisors LLC, and Alaska Permanent Fund Corp also made purchases or sales of Oracle stock recently. Currently, 42.44% of Oracle shares are owned by institutional investors and hedge funds.
Oracle’s stock performance shows a one-year low of $99.26 and a high of $145.32. With a market capitalization of $388.91 billion, Oracle has a debt-equity ratio of 8.25 and a P/E ratio of 38.14. The company recently reported earnings for the quarter, with earnings per share of $1.63, slightly lower than analysts’ expectations. Their revenue was $14.29 billion for the quarter. Oracle also announced a quarterly dividend of $0.40 per share to be paid on July 25.
In terms of insider trading, CEO Safra Catz sold 790,000 shares of Oracle, and Director Michael J. Boskin sold 45,000 shares. In total, insiders sold 880,000 shares in the last quarter. Analysts have set various price targets for Oracle, with a consensus rating of “Moderate Buy” and an average price target of $144.79. Overall, Oracle Corporation provides enterprise IT solutions globally, with a range of cloud software applications such as ERP, supply chain management, and human capital management.
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