Oracle Co. (NYSE:ORCL) Shares Sold by Davis Investment Partners LLC

Davis Investment Partners LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,884 shares of the enterprise software provider’s stock after selling 214 shares during the period. Davis Investment Partners LLC’s holdings in Oracle were worth $927,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Members Wealth LLC grew its stake in shares of Oracle by 2.1% in the first quarter. Members Wealth LLC now owns 5,538 shares of the enterprise software provider’s stock valued at $774,000 after buying an additional 115 shares in the last quarter. Greenwood Capital Associates LLC grew its stake in shares of Oracle by 14.2% in the first quarter. Greenwood Capital Associates LLC now owns 51,944 shares of the enterprise software provider’s stock valued at $7,262,000 after buying an additional 6,440 shares in the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Oracle by 8.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 3,225 shares of the enterprise software provider’s stock valued at $451,000 after buying an additional 255 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Oracle by 2.4% in the first quarter. Fifth Third Bancorp now owns 1,202,286 shares of the enterprise software provider’s stock valued at $168,092,000 after buying an additional 27,665 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its stake in shares of Oracle by 18.3% in the first quarter. Simon Quick Advisors LLC now owns 8,526 shares of the enterprise software provider’s stock valued at $1,192,000 after buying an additional 1,320 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ORCL. Barclays dropped their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Bank of America lowered their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Piper Sandler reissued a “neutral” rating and set a $130.00 target price on shares of Oracle in a research note on Wednesday. Finally, Mizuho lowered their target price on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Twelve investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $175.78.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 in the last ninety days. Insiders own 42.20% of the company’s stock.

Oracle Stock Down 0.6%

Oracle stock opened at $176.33 on Thursday. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $493.20 billion, a P/E ratio of 43.11, a PEG ratio of 3.46 and a beta of 1.32. The stock has a 50-day simple moving average of $149.60 and a 200-day simple moving average of $160.36.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the business earned $1.63 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

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.