L.M. Kohn & Company Has $3.08 Million Holdings in Oracle Co. (NYSE:ORCL)

L.M. Kohn & Company grew its stake in Oracle Co. (NYSE:ORCL) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,091 shares of the enterprise software provider’s stock after purchasing an additional 532 shares during the period. Oracle comprises about 0.8% of L.M. Kohn & Company’s investment portfolio, making the stock its 19th biggest position. L.M. Kohn & Company’s holdings in Oracle were worth $3,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kolinsky Wealth Management LLC raised its stake in shares of Oracle by 11.6% in the third quarter. Kolinsky Wealth Management LLC now owns 2,793 shares of the enterprise software provider’s stock valued at $476,000 after purchasing an additional 290 shares in the last quarter. Point72 Europe London LLP bought a new position in shares of Oracle during the 3rd quarter worth about $12,423,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Oracle by 18.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,281,513 shares of the enterprise software provider’s stock valued at $218,370,000 after acquiring an additional 200,116 shares in the last quarter. Circle Wealth Management LLC increased its stake in Oracle by 45.3% in the third quarter. Circle Wealth Management LLC now owns 34,775 shares of the enterprise software provider’s stock valued at $5,926,000 after acquiring an additional 10,836 shares during the period. Finally, Fred Alger Management LLC raised its position in Oracle by 4.6% in the third quarter. Fred Alger Management LLC now owns 28,210 shares of the enterprise software provider’s stock worth $4,807,000 after purchasing an additional 1,240 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ORCL shares. Citigroup lifted their price objective on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Morgan Stanley increased their price objective on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Bank of America boosted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Finally, Mizuho raised their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by company insiders.

Oracle Trading Up 1.3 %

Shares of NYSE ORCL opened at $185.01 on Friday. The company’s 50 day simple moving average is $177.45 and its 200 day simple moving average is $151.58. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $196.04. The firm has a market capitalization of $512.67 billion, a P/E ratio of 47.68, a P/E/G ratio of 3.37 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. Oracle’s payout ratio is currently 41.24%.

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.