Gilman Hill Asset Management LLC Purchases New Position in Oracle Co. (NYSE:ORCL)

Gilman Hill Asset Management LLC bought a new position in Oracle Co. (NYSE:ORCL) in the first quarter, HoldingsChannel reports. The institutional investor bought 1,746 shares of the enterprise software provider’s stock, valued at approximately $219,000.

Several other hedge funds have also recently modified their holdings of the business. Riverview Trust Co bought a new position in Oracle in the first quarter valued at about $172,000. Nepsis Inc. bought a new stake in Oracle during the first quarter valued at approximately $305,000. Strategic Planning Group LLC increased its holdings in Oracle by 29.5% during the first quarter. Strategic Planning Group LLC now owns 23,281 shares of the enterprise software provider’s stock valued at $2,924,000 after buying an additional 5,301 shares during the last quarter. Financial Synergies Wealth Advisors Inc. grew its holdings in Oracle by 97.6% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 328 shares of the enterprise software provider’s stock valued at $41,000 after purchasing an additional 162 shares during the period. Finally, Global Assets Advisory LLC purchased a new position in shares of Oracle during the 1st quarter valued at about $32,626,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent analyst reports. Oppenheimer began coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating on the stock. JMP Securities reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Stifel Nicolaus increased their target price on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Stock Down 0.5 %

NYSE:ORCL opened at $139.13 on Wednesday. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.32. The company has a 50-day moving average of $123.84 and a 200 day moving average of $117.48. The firm has a market cap of $383.42 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business 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%. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.35 earnings per share. As a group, research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity at Oracle

In other Oracle news, Director George H. Conrades sold 20,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders have sold a total of 348,418 shares of company stock valued at $47,784,717 over the last quarter. 42.80% of the stock is owned by corporate 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.