Oracle Co. (NYSE:ORCL) Shares Sold by Davis R M Inc.

Davis R M Inc. trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,903 shares of the enterprise software provider’s stock after selling 677 shares during the period. Davis R M Inc.’s holdings in Oracle were worth $3,221,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle in the first quarter valued at about $38,000. Finally, Quest Partners LLC purchased a new stake in shares of Oracle during the 2nd quarter valued at about $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. BMO Capital Markets lifted their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Bank of America increased their price target on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Jefferies Financial Group raised their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Price Performance

Shares of NYSE:ORCL opened at $192.29 on Monday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $532.85 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. The stock has a fifty day moving average of $175.62 and a 200-day moving average of $149.64. Oracle Co. has a one year low of $99.26 and a one year high of $196.04.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the business posted $0.95 EPS. Oracle’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Oracle 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.