Davidson Trust Co. Has $695,000 Position in Oracle Co. (NYSE:ORCL)

Davidson Trust Co. boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 hedge funds and other institutional investors also recently made changes to their positions in ORCL. Bison Wealth LLC raised its position in Oracle by 0.8% in the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after buying an additional 91 shares during the last quarter. MONECO Advisors LLC lifted its position in shares of Oracle by 1.1% during the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after buying an additional 94 shares during the last quarter. Mascoma Wealth Management LLC lifted its position in shares of Oracle by 15.7% during the 3rd quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock worth $74,000 after buying an additional 95 shares during the last quarter. Everhart Financial Group Inc. lifted its position in shares of Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after buying an additional 96 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its position in shares of Oracle by 1.0% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after buying an additional 98 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 0.1 %

NYSE ORCL 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. 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. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77. The business’s fifty day moving average price is $119.27 and its 200 day moving average price is $112.80.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.38%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler dropped their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. KeyCorp started coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. Oppenheimer started coverage on Oracle in a research report on Thursday. They set a “market perform” rating on the stock. Finally, The Goldman Sachs Group lifted 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. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $130.76.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value 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 $141,546,631.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 42.80% of the company’s stock.

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.