Stokes Family Office LLC Has $5.93 Million Stock Position in Oracle Co. (NYSE:ORCL)

Stokes Family Office LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,594 shares of the enterprise software provider’s stock after acquiring an additional 392 shares during the quarter. Stokes Family Office LLC’s holdings in Oracle were worth $5,931,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. boosted its holdings in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Guggenheim reissued a “buy” rating and issued a $220.00 price objective on shares of Oracle in a report on Wednesday, March 5th. Bank of America cut their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Morgan Stanley cut their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Barclays dropped their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus dropped their price target on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.71.

Oracle Stock Performance

NYSE:ORCL opened at $149.48 on Wednesday. The stock’s 50-day simple moving average is $165.32 and its 200 day simple moving average is $170.01. The firm has a market capitalization of $418.10 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. 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 Co. has a twelve month low of $112.78 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Oracle 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.