Accurate Wealth Management LLC Sells 1,430 Shares of Oracle Co. (NYSE:ORCL)

Accurate Wealth Management LLC reduced its stake in Oracle Co. (NYSE:ORCL - Free Report) by 13.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,199 shares of the enterprise software provider's stock after selling 1,430 shares during the period. Accurate Wealth Management LLC's holdings in Oracle were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $30,000. Hurley Capital LLC bought a new position in Oracle in the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new position in Oracle in the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. boosted its position in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle during the 4th quarter worth approximately $36,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 0.3%

Shares of ORCL traded up $0.46 during trading hours 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 has a 50-day simple moving average of $147.83 and a 200 day simple moving average of $160.13. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $496.77 billion, a price-to-earnings ratio of 43.43, a P/E/G ratio of 3.46 and a beta of 1.32.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on ORCL shares. Citigroup lifted their price target on shares of Oracle from $160.00 to $186.00 and gave the stock a "neutral" rating in a report on Monday. BMO Capital Markets raised their target price on Oracle from $175.00 to $200.00 and gave the stock a "market perform" rating in a research report on Monday. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday. Stifel Nicolaus decreased their price target on Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research note on Tuesday, March 11th. Finally, Barclays lowered their price objective on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $177.35.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction 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 $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock worth $4,015,723 in the last quarter. 42.20% of the stock is owned by insiders.

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.