L.M. Kohn & Company Raises Position in Oracle Co. (NYSE:ORCL)

L.M. Kohn & Company lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,966 shares of the enterprise software provider’s stock after buying an additional 875 shares during the period. Oracle comprises about 0.8% of L.M. Kohn & Company’s holdings, making the stock its 20th largest position. L.M. Kohn & Company’s holdings in Oracle were worth $3,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ORCL. Principal Financial Group Inc. grew its holdings in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. boosted its position in Oracle by 201.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after purchasing an additional 1,069 shares during the last quarter. RMR Wealth Builders grew its stake in Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC increased its position in shares of Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of Oracle during the 4th quarter worth $1,800,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ORCL shares. BMO Capital Markets increased their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. UBS Group increased their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Evercore ISI boosted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Oracle stock opened at $173.50 on Friday. The business has a 50-day simple moving average of $169.33 and a 200 day simple moving average of $165.59. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The stock has a market cap of $485.27 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 3.39 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the company posted $1.34 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 42.20% of the stock is owned by company insiders.

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.