DAVENPORT & Co LLC Has $139.41 Million Holdings in Oracle Co. (NYSE:ORCL)

DAVENPORT & Co LLC decreased its position in Oracle Co. (NYSE:ORCL - Free Report) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 836,352 shares of the enterprise software provider's stock after selling 90,427 shares during the quarter. Oracle makes up 0.8% of DAVENPORT & Co LLC's investment portfolio, making the stock its 29th largest position. DAVENPORT & Co LLC's holdings in Oracle were worth $139,409,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Oracle during the fourth quarter valued at about $25,000. Winch Advisory Services LLC boosted its stake in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Oracle during the 3rd quarter valued at $44,000. Synergy Asset Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at $47,000. Finally, Avondale Wealth Management bought a new stake in Oracle in the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ORCL shares. JMP Securities reaffirmed a "market outperform" rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. UBS Group boosted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Morgan Stanley boosted their price target on shares of Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a report on Tuesday, December 10th. Mizuho boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Finally, Evercore ISI boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $182.73.

Oracle Stock Up 2.1 %

Oracle stock traded up $3.50 during midday trading on Wednesday, hitting $171.39. The stock had a trading volume of 4,276,975 shares, compared to its average volume of 13,815,481. 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 business has a fifty day moving average price of $171.05 and a 200 day moving average price of $164.00. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock has a market cap of $479.37 billion, a P/E ratio of 41.92, a P/E/G ratio of 3.35 and a beta of 1.05.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 EPS. Research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio is 39.12%.

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.