Oracle Co. (NYSE:ORCL) Shares Sold by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,641 shares of the enterprise software provider’s stock after selling 853 shares during the period. Thompson Davis & CO. Inc.’s holdings in Oracle were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Carl P. Sherr & Co. LLC increased its position in Oracle by 26.0% during the 4th quarter. Carl P. Sherr & Co. LLC now owns 2,184 shares of the enterprise software provider’s stock valued at $364,000 after buying an additional 450 shares in the last quarter. Prentice Wealth Management LLC increased its position in Oracle by 3.7% during the 4th quarter. Prentice Wealth Management LLC now owns 5,934 shares of the enterprise software provider’s stock valued at $989,000 after buying an additional 210 shares in the last quarter. LifeSteps Financial Inc. acquired a new position in Oracle during the 4th quarter valued at about $271,000. Dividend Assets Capital LLC grew its stake in Oracle by 24.6% during the 4th quarter. Dividend Assets Capital LLC now owns 35,144 shares of the enterprise software provider’s stock valued at $5,856,000 after purchasing an additional 6,938 shares during the last quarter. Finally, Passumpsic Savings Bank purchased a new stake in Oracle during the 4th quarter valued at about $2,114,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $167.92 on Friday. The company has a market capitalization of $469.66 billion, a P/E ratio of 41.06, a P/E/G ratio of 3.46 and a beta of 1.05. The business’s 50 day moving average is $168.99 and its two-hundred day moving average is $167.02. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12-month low of $109.66 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the company earned $1.34 EPS. Oracle’s revenue was up 8.6% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Evercore ISI boosted their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Guggenheim boosted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Cantor Fitzgerald assumed coverage on Oracle in a research note on Friday, January 17th. They set an “overweight” rating and a $214.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.