Ervin Investment Management LLC Has $1.56 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Ervin Investment Management LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,380 shares of the enterprise software provider’s stock after selling 445 shares during the period. Oracle comprises 1.1% of Ervin Investment Management LLC’s holdings, making the stock its 17th largest position. Ervin Investment Management LLC’s holdings in Oracle were worth $1,555,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Invst LLC raised its holdings in Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after purchasing an additional 86 shares in the last quarter. Nemes Rush Group LLC increased its stake in shares of Oracle by 1.2% in the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after acquiring an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC increased its stake in shares of Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after acquiring an additional 90 shares in the last quarter. Sovereign Financial Group Inc. increased its stake in Oracle by 2.9% during the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after purchasing an additional 90 shares in the last quarter. Finally, Godshalk Welsh Capital Management Inc. increased its stake in Oracle by 0.3% during the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after purchasing an additional 90 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Oracle stock traded up $2.56 during mid-day trading on Thursday, reaching $140.79. 3,948,392 shares of the company’s stock traded hands, compared to its average volume of 8,555,639. The company has a market cap of $388.00 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 2.52 and a beta of 1.01. The stock has a 50 day moving average of $124.23 and a two-hundred day moving average of $117.62. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $145.32.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.35 EPS. Equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is 43.13%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ORCL shares. Stifel Nicolaus raised their price objective on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, June 12th. KeyCorp lifted their price target on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. The Goldman Sachs Group lifted their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets lifted their price target on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research note on Monday, June 17th. Finally, Guggenheim reiterated a “buy” rating and issued a $175.00 price target on shares of Oracle in a research note on Tuesday. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Insiders have sold 348,418 shares of company stock worth $47,784,717 over the last quarter. Insiders own 42.80% of the company’s stock.

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.