Farther Finance Advisors LLC Increases Stock Position in Oracle Co. (NYSE:ORCL)

Farther Finance Advisors LLC boosted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 26.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,406 shares of the enterprise software provider's stock after purchasing an additional 12,752 shares during the quarter. Farther Finance Advisors LLC's holdings in Oracle were worth $8,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $30,000. Hurley Capital LLC bought a new position in Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC bought a new position in Oracle in the 4th quarter valued at $34,000. TFC Financial Management Inc. increased its holdings in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Up 0.3%

Shares of NYSE:ORCL traded up $0.46 during midday trading on Tuesday, hitting $177.61. 11,039,682 shares of the stock traded hands, compared to its average volume of 9,514,411. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business's 50 day moving average is $147.83 and its two-hundred day moving average is $160.13. The stock has a market capitalization of $496.77 billion, a PE ratio of 43.43, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a one year low of $118.86 and a one year high of $198.31.

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

Insider Transactions at Oracle

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

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. Guggenheim restated a "buy" rating and set a $220.00 target price on shares of Oracle in a research report on Thursday, June 5th. BMO Capital Markets boosted their price objective on Oracle from $175.00 to $200.00 and gave the stock a "market perform" rating in a report on Monday. Westpark Capital initiated coverage on shares of Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 target price on the stock. Stifel Nicolaus cut their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research note on Tuesday, March 11th. Finally, Morgan Stanley raised their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an "equal weight" rating in a research report on Monday. Thirteen research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.35.

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.