Millington Financial Advisors LLC Takes Position in Oracle Co. (NYSE:ORCL)

Millington Financial Advisors LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,765 shares of the enterprise software provider's stock, valued at approximately $1,292,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. FMR LLC lifted its stake in Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after acquiring an additional 156,269 shares during the last quarter. Geode Capital Management LLC grew its position in Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after acquiring an additional 619,619 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after purchasing an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 1.8%

Shares of ORCL stock opened at $174.22 on Monday. Oracle Co. has a one year low of $118.86 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a fifty day moving average price of $147.20 and a 200 day moving average price of $160.24. The stock has a market cap of $487.29 billion, a P/E ratio of 42.60, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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 return on equity of 133.25% and a net margin of 21.16%. 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 business posted $1.41 earnings per share. Oracle's revenue was up 6.4% on a year-over-year basis. Analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ORCL. Westpark Capital assumed coverage on shares of Oracle in a report on Tuesday, April 1st. They issued a "buy" rating and a $195.00 price objective for the company. Jefferies Financial Group decreased their price target on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Evercore ISI cut their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Barclays decreased their target price on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Stephens started coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target on the stock. Fourteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction dated 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 in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,366 shares of company stock worth $4,015,723. Company 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.

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