AMI Investment Management Inc. Decreases Stock Position in Oracle Co. (NYSE:ORCL)

AMI Investment Management Inc. decreased its position in shares of Oracle Co. (NYSE:ORCL) by 15.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,619 shares of the enterprise software provider’s stock after selling 1,598 shares during the period. AMI Investment Management Inc.’s holdings in Oracle were worth $1,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Contour Asset Management LLC raised its holdings in Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after acquiring an additional 643,490 shares in the last quarter. Sandy Spring Bank lifted its position in shares of Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after purchasing an additional 1,107 shares during the last quarter. Hancock Whitney Corp grew its stake in Oracle by 12.7% in the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after purchasing an additional 3,291 shares in the last quarter. LVM Capital Management Ltd. MI increased its holdings in Oracle by 3.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after buying an additional 200 shares during the last quarter. Finally, Heritage Wealth Advisors raised its stake in Oracle by 0.6% during the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ORCL shares. Piper Sandler lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 price objective on shares of Oracle in a report on Tuesday, June 25th. Stifel Nicolaus raised their target price on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. The Goldman Sachs Group boosted their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, TD Cowen raised their price target on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Activity

In other news, Director George H. Conrades sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Oracle news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,639 shares of company stock worth $53,002,729. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Oracle stock traded up $1.02 during mid-day trading on Friday, reaching $141.20. The company had a trading volume of 25,814,821 shares, compared to its average volume of 11,264,646. The company has a 50 day moving average of $125.24 and a 200-day moving average of $118.19. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.32. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The firm has a market cap of $389.13 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.56 and a beta of 1.01.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Oracle’s dividend payout ratio is presently 43.13%.

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.