AMI Investment Management Inc. Sells 1,598 Shares of Oracle Co. (NYSE:ORCL)

AMI Investment Management Inc. lowered its stake in Oracle Co. (NYSE:ORCL) by 15.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,619 shares of the enterprise software provider’s stock after selling 1,598 shares during the quarter. AMI Investment Management Inc.’s holdings in Oracle were worth $1,083,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC bought a new stake in shares of Oracle during the first quarter worth about $25,000. Orion Capital Management LLC bought a new stake in Oracle during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new position in Oracle in the 3rd quarter valued at approximately $27,000. Tidemark LLC acquired a new position in Oracle in the 4th quarter valued at approximately $29,000. Finally, Frank Rimerman Advisors LLC bought a new position in shares of Oracle during the fourth quarter valued at $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Edward Screven sold 235,918 shares of the stock in a transaction dated 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 sale, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 385,639 shares of company stock worth $53,002,729. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Up 0.7 %

NYSE ORCL traded up $1.02 during mid-day trading on Friday, hitting $141.20. The company’s stock had a trading volume of 25,814,821 shares, compared to its average volume of 11,264,646. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The company’s 50 day simple moving average is $125.24 and its 200 day simple moving average is $118.19. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $145.32. The firm has a market capitalization 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 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 business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the firm earned $1.35 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.13%. Oracle’s payout ratio is 43.13%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Mizuho increased their price target on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. KeyCorp lifted their price objective on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Evercore ISI increased their target price on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, JMP Securities restated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.83.

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.