Oracle Co. (NYSE:ORCL) Shares Sold by Lummis Asset Management LP

Lummis Asset Management LP reduced its position in Oracle Co. (NYSE:ORCL) by 18.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,807 shares of the enterprise software provider’s stock after selling 5,273 shares during the period. Oracle makes up about 4.0% of Lummis Asset Management LP’s holdings, making the stock its 5th biggest holding. Lummis Asset Management LP’s holdings in Oracle were worth $2,990,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ORCL. Invst LLC boosted its stake in shares of Oracle by 2.7% during the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after buying an additional 86 shares during the last quarter. Nemes Rush Group LLC grew its holdings in Oracle by 1.2% during 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 position 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 purchasing an additional 90 shares during the last quarter. Sovereign Financial Group Inc. raised its stake in shares of Oracle by 2.9% in 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. lifted its position in shares of Oracle by 0.3% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock worth $3,525,000 after purchasing an additional 90 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 1.4 %

Oracle stock traded down $1.99 during mid-day trading on Thursday, hitting $137.46. The company’s stock had a trading volume of 5,901,354 shares, compared to its average volume of 8,426,722. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The firm’s 50 day moving average is $136.12 and its 200 day moving average is $124.08. The company has a market cap of $378.82 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the business posted $1.35 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Mizuho increased their target price on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Morgan Stanley reiterated an “equal weight” rating and set a $125.00 target price on shares of Oracle in a research note on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Finally, Citigroup cut their target price on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Transactions at Oracle

In other news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold 1,927,500 shares of company stock valued at $274,394,924 in the last three months. Corporate 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.