Griffin Asset Management Inc. Sells 575 Shares of Oracle Co. (NYSE:ORCL)

Griffin Asset Management Inc. lowered its position in shares of Oracle Co. (NYSE:ORCL) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,094 shares of the enterprise software provider’s stock after selling 575 shares during the period. Griffin Asset Management Inc.’s holdings in Oracle were worth $7,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Capital & Planning LLC increased its stake in Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after acquiring an additional 81 shares during the period. Brighton Jones LLC increased its stake in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares during the period. Union Bancaire Privee UBP SA bought a new position in Oracle during the 4th quarter worth $51,084,000. Revolve Wealth Partners LLC increased its stake in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after acquiring an additional 404 shares during the period. Finally, Stanley Laman Group Ltd. increased its stake in Oracle by 11.4% during the 4th quarter. Stanley Laman Group Ltd. now owns 2,876 shares of the enterprise software provider’s stock worth $479,000 after acquiring an additional 294 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 427,366 shares of company stock worth $80,183,723. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $215.54 on Friday. The company has a market capitalization of $602.86 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $216.60. The business has a 50-day simple moving average of $152.88 and a two-hundred day simple moving average of $160.62.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. Research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORCL. KeyCorp raised their price objective on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley reaffirmed a “positive” rating on shares of Oracle in a report on Monday. Stifel Nicolaus raised their target price on Oracle from $150.00 to $180.00 and gave the company a “hold” rating in a report on Thursday. Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price on the stock. Finally, Loop Capital set a $135.00 target price on Oracle in a report on Tuesday. Twelve research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.32.

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.