Davidson Trust Co. Boosts Stock Holdings in Oracle Co. (NYSE:ORCL)

Davidson Trust Co. grew its position in Oracle Co. (NYSE:ORCL) by 14.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,590 shares of the enterprise software provider’s stock after acquiring an additional 835 shares during the quarter. Davidson Trust Co.’s holdings in Oracle were worth $695,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Fairfield Bush & CO. boosted its position in shares of Oracle by 3.1% during the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after acquiring an additional 2,221 shares during the last quarter. AMI Investment Management Inc. increased its holdings in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after acquiring an additional 579 shares during the period. Baird Financial Group Inc. grew its position in Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after buying an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. boosted its position in shares of Oracle by 79.6% during the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after purchasing an additional 3,038 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after purchasing an additional 1,109 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is owned by company insiders.

Oracle Stock Performance

Shares of Oracle stock traded down $0.08 on Friday, hitting $115.92. The stock had a trading volume of 2,725,524 shares, compared to its average volume of 8,519,197. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The business’s 50 day moving average is $119.27 and its two-hundred day moving average is $112.80. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a market cap of $318.61 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01.

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

Oracle Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Oppenheimer assumed coverage on Oracle in a report on Thursday. They set a “market perform” rating for the company. 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. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, Erste Group Bank reissued a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

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.