Oracle Co. (NYSE:ORCL) Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,304 shares of the enterprise software provider’s stock after selling 100 shares during the period. Baker Ellis Asset Management LLC’s holdings in Oracle were worth $666,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Westend Capital Management LLC acquired a new stake in shares of Oracle during the first quarter valued at about $25,000. Orion Capital Management LLC acquired a new stake in shares of Oracle during the third quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle during the third quarter valued at about $27,000. Tidemark LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $29,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Evercore ISI raised their target price on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft raised their target price on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price target on shares of Oracle in a research report on Wednesday, June 12th. KeyCorp increased their price target on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Finally, UBS Group increased their price target on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insider Buying and Selling

In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders have sold a total of 385,639 shares of company stock valued at $53,002,729 over the last quarter. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $141.20 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The stock has a 50 day simple moving average of $125.24 and a 200-day simple moving average of $118.08. The company has a market cap of $389.13 billion, a PE ratio of 38.06, a P/E/G ratio of 2.56 and a beta of 1.01. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $145.32.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.13%. Oracle’s payout ratio is 43.13%.

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.