Stokes Family Office LLC Has $3.65 Million Stock Position in Oracle Co. (NYSE:ORCL)

Stokes Family Office LLC cut its position in Oracle Co. (NYSE:ORCL) by 30.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,625 shares of the enterprise software provider’s stock after selling 15,108 shares during the period. Stokes Family Office LLC’s holdings in Oracle were worth $3,651,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ORCL. Orion Capital Management LLC acquired a new stake in shares of Oracle in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC raised its position in Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its holdings in Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORCL has been the topic of several research reports. KeyCorp initiated coverage on Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. BMO Capital Markets raised their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. HSBC upped their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Up 0.7 %

Shares of NYSE:ORCL traded up $0.84 during midday trading on Friday, reaching $115.80. 4,368,173 shares of the company were exchanged, compared to its average volume of 8,293,188. The firm has a market cap of $318.28 billion, a PE ratio of 30.55, a P/E/G ratio of 2.30 and a beta of 1.03. Oracle Co. has a fifty-two week low of $94.41 and a fifty-two week high of $132.77. The stock has a fifty day simple moving average of $119.83 and a two-hundred day simple moving average of $113.27. 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 released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. As a group, sell-side analysts forecast 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 was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 25,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Oracle 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 value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction dated 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 owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. 42.80% of the stock is currently owned by insiders.

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.