Stokes Family Office LLC Acquires 295 Shares of Oracle Co. (NYSE:ORCL)

Stokes Family Office LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,920 shares of the enterprise software provider’s stock after purchasing an additional 295 shares during the period. Stokes Family Office LLC’s holdings in Oracle were worth $4,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Contour Asset Management LLC lifted its holdings in Oracle by 41.5% in the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock worth $231,203,000 after purchasing an additional 643,490 shares in the last quarter. Sandy Spring Bank increased its holdings in Oracle by 1.4% in the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after acquiring an additional 1,107 shares during the last quarter. Hancock Whitney Corp lifted its position in shares of 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 buying an additional 3,291 shares in the last quarter. LVM Capital Management Ltd. MI grew its holdings in Oracle by 3.5% during the 4th 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 in the last quarter. Finally, Heritage Wealth Advisors increased its stake in Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock traded up $2.01 on Friday, reaching $144.77. 7,358,731 shares of the stock were exchanged, compared to its average volume of 8,609,288. The firm has a market capitalization of $398.97 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.58 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $145.79. The business has a 50 day moving average price of $130.30 and a two-hundred day moving average price of $120.43. 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 (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS 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 firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the company earned $1.35 EPS. Oracle’s revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. Oracle’s payout ratio is 43.13%.

Insiders Place Their Bets

In other news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 812,500 shares of company stock valued at $113,578,574. Insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ORCL. Argus lifted their price objective on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. DA Davidson reiterated a “neutral” rating and issued a $105.00 price target on shares of Oracle in a research report on Wednesday, June 12th. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Stifel Nicolaus boosted 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. Finally, Oppenheimer began coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

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.