Daymark Wealth Partners LLC Purchases 2,374 Shares of Oracle Co. (NYSE:ORCL)

Daymark Wealth Partners LLC grew its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,128 shares of the enterprise software provider's stock after purchasing an additional 2,374 shares during the period. Daymark Wealth Partners LLC's holdings in Oracle were worth $14,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital & Planning LLC increased its holdings in Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after buying an additional 81 shares during the last quarter. Brighton Jones LLC increased its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Oracle during the fourth quarter worth $51,084,000. Revolve Wealth Partners LLC increased its holdings in Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the last quarter. Finally, Vest Financial LLC increased its holdings in Oracle by 9.6% during the fourth quarter. Vest Financial LLC now owns 28,743 shares of the enterprise software provider's stock worth $4,790,000 after buying an additional 2,514 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred 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 transaction, the director now owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 over the last quarter. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Oracle stock traded down $1.15 during mid-day trading on Wednesday, reaching $176.33. The company had a trading volume of 17,512,445 shares, compared to its average volume of 9,512,937. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week 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 cap of $493.20 billion, a P/E ratio of 43.11, a P/E/G ratio of 3.46 and a beta of 1.32. The business has a fifty day simple moving average of $149.60 and a 200 day simple moving average of $160.36.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. During the same period in the prior year, the company earned $1.63 earnings per share. Oracle's revenue was up 11.3% on a year-over-year basis. On average, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on ORCL. Wall Street Zen downgraded shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Westpark Capital began coverage on shares of Oracle in a report on Tuesday, April 1st. They issued a "buy" rating and a $195.00 price objective on the stock. Stifel Nicolaus decreased their price objective on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Morgan Stanley reiterated a "positive" rating on shares of Oracle in a report on Monday. Finally, Royal Bank of Canada upgraded shares of Oracle from a "hold" rating to a "moderate buy" rating in a report on Monday. Twelve analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $175.78.

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.