AMI Investment Management Inc. Has $1.08 Million Position in Oracle Co. (NYSE:ORCL)

AMI Investment Management Inc. lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 19.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,217 shares of the enterprise software provider’s stock after selling 2,444 shares during the period. AMI Investment Management Inc.’s holdings in Oracle were worth $1,077,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Oracle by 3.0% during the second quarter. BlackRock Inc. now owns 120,625,641 shares of the enterprise software provider’s stock worth $14,365,308,000 after buying an additional 3,494,674 shares in the last quarter. State Street Corp increased its holdings in shares of Oracle by 1.5% during the second quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock worth $7,563,980,000 after buying an additional 928,013 shares in the last quarter. Morgan Stanley grew its stake in shares of Oracle by 9.6% during the fourth quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after purchasing an additional 1,794,080 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after purchasing an additional 635,994 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $125.56 on Friday. The company’s 50 day moving average price is $116.38 and its two-hundred day moving average price is $111.47. Oracle Co. has a 12-month low of $89.71 and a 12-month high of $132.77. The firm has a market cap of $345.10 billion, a PE ratio of 33.13, a PEG ratio of 2.43 and a beta of 1.00. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. HSBC raised their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. The Goldman Sachs Group lifted their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Wolfe Research dropped their price objective on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, December 12th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, BMO Capital Markets boosted their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $130.76.

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.