GKV Capital Management Co. Inc. Has $2.88 Million Stock Holdings in Oracle Corporation $ORCL

Key Points

• GKV Capital Management Co. Inc. reduced its stake in Oracle Corporation by 17.0%, now holding 20,620 shares valued at approximately $2.88 million.
• Several brokerages have recently upgraded their ratings and price targets for Oracle, with JMP Securities setting a new target at $315.00 and Stifel Nicolaus changing its rating from "hold" to "buy."
• In the last ninety days, insiders sold a total of 444,183 shares of Oracle stock valued at approximately $86.5 million.

GKV Capital Management Co. Inc. lessened its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 17.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 20,620 shares of the enterprise software provider's stock after selling 4,235 shares during the quarter. GKV Capital Management Co. Inc.'s holdings in Oracle were worth $2,883,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its stake in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ORCL. JPMorgan Chase & Co. raised their target price on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Scotiabank started coverage on shares of Oracle in a research note on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price objective for the company. Barclays reiterated an "overweight" rating and issued a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Cowen reiterated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Finally, UBS Group lifted their price objective on shares of Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $227.04.

Oracle Price Performance

ORCL stock traded down $14.35 during mid-day trading on Friday, hitting $225.97. The stock had a trading volume of 16,606,479 shares, compared to its average volume of 10,089,439. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. The firm has a market capitalization of $634.72 billion, a P/E ratio of 52.07, a P/E/G ratio of 3.37 and a beta of 1.43. The firm has a fifty day simple moving average of $237.90 and a 200 day simple moving average of $184.93.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the firm earned $1.63 EPS. The business's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 in the last ninety days. Insiders own 42.20% of the company's stock.

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.