Oracle Co. (NYSE:ORCL) Position Decreased by AMI Investment Management Inc.

AMI Investment Management Inc. reduced its holdings in Oracle Co. (NYSE:ORCL) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,043 shares of the enterprise software provider’s stock after selling 409 shares during the quarter. AMI Investment Management Inc.’s holdings in Oracle were worth $985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital & Planning LLC lifted its stake in Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock valued at $2,621,000 after buying an additional 81 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after acquiring an additional 100,494 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Oracle in the 4th quarter valued at approximately $51,084,000. Revolve Wealth Partners LLC boosted its stake in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares during the period. Finally, Meritage Portfolio Management boosted its stake in Oracle by 6.5% in the 4th quarter. Meritage Portfolio Management now owns 3,844 shares of the enterprise software provider’s stock worth $641,000 after purchasing an additional 234 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ORCL shares. Jefferies Financial Group lowered their price objective on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Mizuho decreased their target price on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. UBS Group reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Finally, Stephens assumed coverage on Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective for the company. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.42.

Oracle Price Performance

NYSE ORCL opened at $171.16 on Friday. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $198.31. The stock’s 50-day moving average is $146.56 and its two-hundred day moving average is $160.77. The firm has a market cap of $478.73 billion, a P/E ratio of 41.85, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the business posted $1.41 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

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.