Griffin Asset Management Inc. Has $7.86 Million Holdings in Oracle Co. (NYSE:ORCL)

Griffin Asset Management Inc. lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,580 shares of the enterprise software provider’s stock after buying an additional 176 shares during the quarter. Griffin Asset Management Inc.’s holdings in Oracle were worth $7,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Toth Financial Advisory Corp raised its position in shares of Oracle by 1.2% during the 1st quarter. Toth Financial Advisory Corp now owns 93,424 shares of the enterprise software provider’s stock valued at $11,735,000 after acquiring an additional 1,109 shares during the last quarter. First Dallas Securities Inc. increased its holdings in Oracle by 15.0% in the first quarter. First Dallas Securities Inc. now owns 2,300 shares of the enterprise software provider’s stock valued at $289,000 after purchasing an additional 300 shares during the last quarter. Reliant Investment Management LLC lifted its stake in Oracle by 3.6% in the first quarter. Reliant Investment Management LLC now owns 35,571 shares of the enterprise software provider’s stock valued at $4,468,000 after buying an additional 1,250 shares during the period. Weaver Consulting Group lifted its stake in Oracle by 4.2% in the first quarter. Weaver Consulting Group now owns 2,509 shares of the enterprise software provider’s stock valued at $315,000 after buying an additional 101 shares during the period. Finally, WD Rutherford LLC bought a new position in Oracle during the first quarter worth about $223,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 0.7 %

NYSE ORCL traded up $1.02 during trading hours on Friday, hitting $141.20. 25,814,821 shares of the company traded hands, compared to its average volume of 11,264,646. The stock has a market capitalization of $389.13 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 2.54 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $145.32. The business’s 50-day moving average is $125.24 and its 200-day moving average is $117.96. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 net margin of 19.76% and a return on equity of 223.01%. The company had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the company posted $1.35 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be issued a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s payout ratio is 43.13%.

Analyst Ratings Changes

ORCL has been the topic of a number of analyst reports. Piper Sandler increased their price target on shares of Oracle from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Mizuho lifted their price target on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. boosted their price target on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. Finally, Stifel Nicolaus boosted their target price on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Activity at Oracle

In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,639 shares of company stock worth $53,002,729. Insiders own 42.80% of the company’s stock.

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.