Davis Investment Partners LLC Cuts Holdings in Oracle Co. (NYSE:ORCL)

Davis Investment Partners LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 modified their holdings of the business. Cookson Peirce & Co. Inc. grew its holdings in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares during the period. Warther Private Wealth LLC grew its holdings in shares of Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after acquiring an additional 63 shares during the period. Howard Bailey Securities LLC grew its holdings in shares of Oracle by 2.9% in the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock worth $379,000 after acquiring an additional 64 shares during the period. New England Capital Financial Advisors LLC grew its holdings in shares of Oracle by 6.4% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after acquiring an additional 64 shares during the period. Finally, Cape ANN Savings Bank grew its holdings in shares of Oracle by 1.1% in the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock worth $970,000 after acquiring an additional 65 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 0.6%

Shares of ORCL opened at $176.33 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $493.20 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The stock’s fifty day simple moving average is $149.60 and its 200 day simple moving average is $160.36. Oracle Co. has a twelve month low of $118.86 and a twelve month high of $198.31.

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

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Bank of America lowered their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Loop Capital set a $135.00 target price on Oracle in a report on Tuesday. Stifel Nicolaus lowered their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Finally, UBS Group reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $175.78.

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.