AMI Investment Management Inc. Sells 2,444 Shares of Oracle Co. (NYSE:ORCL)

AMI Investment Management Inc. decreased its position in Oracle Co. (NYSE:ORCL) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,217 shares of the enterprise software provider’s stock after selling 2,444 shares during the quarter. AMI Investment Management Inc.’s holdings in Oracle were worth $1,077,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ORCL. LVM Capital Management Ltd. MI grew its position in Oracle by 3.5% during 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 period. Quantum Private Wealth LLC bought a new position in Oracle during the third quarter valued at about $229,000. Cooper Financial Group grew its position in Oracle by 43.4% during the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after buying an additional 1,525 shares during the period. Greenfield Savings Bank grew its position in Oracle by 7.8% during the third quarter. Greenfield Savings Bank now owns 9,034 shares of the enterprise software provider’s stock valued at $957,000 after buying an additional 656 shares during the period. Finally, BKM Wealth Management LLC bought a new position in Oracle during the fourth quarter valued at about $85,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ORCL. Piper Sandler dropped their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. UBS Group dropped their price objective on shares of Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, December 12th. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Morgan Stanley lowered their price target on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. Finally, HSBC upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Price Performance

ORCL opened at $125.56 on Friday. Oracle Co. has a 1 year low of $89.71 and a 1 year high of $132.77. The stock has a 50-day moving average price of $116.38 and a 200-day moving average price of $111.47. The firm has a market cap of $345.10 billion, a PE ratio of 33.13, a P/E/G ratio of 2.43 and a beta of 1.00. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. Sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. Oracle’s payout ratio is currently 42.22%.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 42.80% of the company’s stock.

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.