Oracle Co. (NYSE:ORCL) Stock Holdings Boosted by Violich Capital Management Inc.

Violich Capital Management Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 218,096 shares of the enterprise software provider’s stock after acquiring an additional 6,650 shares during the period. Oracle makes up 4.7% of Violich Capital Management Inc.’s investment portfolio, making the stock its 7th largest position. Violich Capital Management Inc.’s holdings in Oracle were worth $36,344,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ORCL. R Squared Ltd purchased a new position in shares of Oracle during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC grew its position in shares of Oracle by 89.7% during the fourth 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 purchased a new position in shares of Oracle during the third quarter worth approximately $44,000. Synergy Asset Management LLC purchased a new position in shares of Oracle during the fourth quarter worth approximately $47,000. Finally, Friedenthal Financial purchased a new position in shares of Oracle during the third quarter worth approximately $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 2.6 %

Shares of ORCL stock opened at $178.97 on Tuesday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The stock has a market cap of $500.58 billion, a P/E ratio of 43.76, a P/E/G ratio of 3.39 and a beta of 1.05. The business has a fifty day simple moving average of $170.42 and a 200-day simple moving average of $164.68. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 EPS. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. DA Davidson raised their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Finally, Guggenheim increased their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated 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 in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is currently owned by company insiders.

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.