Crescent Sterling Ltd. Purchases New Position in Oracle Co. (NYSE:ORCL)

Crescent Sterling Ltd. purchased a new position in Oracle Co. (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,001 shares of the enterprise software provider's stock, valued at approximately $280,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Cookson Peirce & Co. Inc. increased its position in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after acquiring an additional 60 shares during the period. Warther Private Wealth LLC increased its holdings in shares of Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after purchasing an additional 63 shares during the period. Howard Bailey Securities LLC lifted its stake in shares of Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock valued at $379,000 after buying an additional 64 shares during the period. New England Capital Financial Advisors LLC lifted its stake in shares of Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock valued at $177,000 after buying an additional 64 shares during the period. Finally, Cape ANN Savings Bank grew its position in Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock worth $970,000 after buying an additional 65 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director now directly owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by insiders.

Oracle Trading Up 0.3%

ORCL traded up $0.46 during mid-day trading on Tuesday, reaching $177.61. The stock had a trading volume of 11,039,682 shares, compared to its average volume of 9,517,058. The firm's fifty day simple moving average is $147.83 and its two-hundred day simple moving average is $160.13. The stock has a market capitalization of $496.77 billion, a P/E ratio of 43.43, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 EPS. On average, equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Morgan Stanley upped their price target on Oracle from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Monday. Stephens initiated coverage on Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price for the company. UBS Group restated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Piper Sandler reiterated a "neutral" rating and set a $130.00 target price (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Finally, CIBC reissued a "buy" rating on shares of Oracle in a research report on Monday. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $177.35.

About Oracle

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.