Davidson Trust Co. Has $864,000 Stake in Oracle Corporation (NYSE:ORCL)

Davidson Trust Co. lifted its stake in shares of Oracle Corporation (NYSE:ORCL) by 3.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,179 shares of the enterprise software provider’s stock after acquiring an additional 193 shares during the period. Davidson Trust Co.’s holdings in Oracle were worth $864,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC acquired a new stake in Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the first quarter worth approximately $28,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the 4th quarter worth $30,000. Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter valued at $33,000. Finally, Synergy Investment Management LLC acquired a new stake in Oracle in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Oracle in a research note on Wednesday, June 18th. BMO Capital Markets upped their target price on shares of Oracle from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Cowen raised their price target on shares of Oracle from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus upgraded Oracle from a “hold” rating to a “buy” rating and lifted their price target for the company from $180.00 to $250.00 in a research note on Monday. Finally, Royal Bank Of Canada increased their price objective on Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 12th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $204.15.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director owned 58,090 shares of the company’s stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 440,366 shares of company stock worth $83,103,603 over the last ninety days. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $237.39 on Friday. The business’s 50 day simple moving average is $176.16 and its 200 day simple moving average is $163.79. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $237.99. The company has a market cap of $666.79 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 3.44 and a beta of 1.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. Sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. Oracle’s dividend payout ratio is presently 46.08%.

About Oracle

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.