Koshinski Asset Management Inc. Trims Stake in Oracle Co. (NYSE:ORCL)

Koshinski Asset Management Inc. lessened its position in Oracle Co. (NYSE:ORCL) by 24.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,808 shares of the enterprise software provider’s stock after selling 3,095 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Oracle were worth $1,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new stake in Oracle in the first quarter worth about $25,000. Tidemark LLC purchased a new stake in shares of Oracle in the 4th quarter worth approximately $29,000. Nordwand Advisors LLC bought a new position in Oracle during the 4th quarter valued at approximately $30,000. Frank Rimerman Advisors LLC purchased a new position in Oracle during the fourth quarter valued at $30,000. Finally, Alaska Permanent Fund Corp bought a new stake in Oracle in the first quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the 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 sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, 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. Over the last 90 days, insiders sold 1,937,500 shares of company stock worth $275,229,824. 42.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ORCL shares. Piper Sandler restated an “overweight” rating and set a $150.00 price target on shares of Oracle in a report on Friday, July 12th. Argus lifted their target price on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. TD Cowen increased their price target on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. JMP Securities reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Finally, Oppenheimer started coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Stock Performance

Oracle stock traded down $1.12 during midday trading on Thursday, hitting $138.14. The stock had a trading volume of 1,397,602 shares, compared to its average volume of 8,550,889. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The company has a market capitalization of $380.69 billion, a PE ratio of 37.58, a P/E/G ratio of 2.59 and a beta of 1.02. The firm’s fifty day moving average is $132.31 and its two-hundred day moving average is $121.55.

Oracle (NYSE:ORCL) last announced 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). The firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share. On average, research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The firm 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. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

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.