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. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a report on Friday, December 22nd. 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. UBS Group decreased their price objective on shares of Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, December 12th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, Evercore ISI reduced their price target on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Price Performance

NYSE ORCL opened at $125.56 on Friday. The stock has a 50-day moving average of $116.38 and a 200 day moving average of $111.47. The company has a market capitalization of $345.10 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.43 and a beta of 1.00. Oracle Co. has a one year low of $89.71 and a one year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. Oracle’s dividend payout ratio is presently 42.22%.

Insider Buying and Selling

In other news, CEO Safra Catz sold 790,000 shares of the company’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 transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.80% of the stock is owned by insiders.

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.