NewSquare Capital LLC Raises Stake in Oracle Co. (NYSE:ORCL)

NewSquare Capital LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1,913.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,537 shares of the enterprise software provider's stock after purchasing an additional 2,411 shares during the period. NewSquare Capital LLC's holdings in Oracle were worth $355,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ORCL. McClarren Financial Advisors Inc. boosted its position in shares of Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after acquiring an additional 1,069 shares in the last quarter. Cornerstone Advisory LLC boosted its holdings in shares of Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after purchasing an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. bought a new position in shares of Oracle in the 4th quarter valued at $211,000. AFT Forsyth & Company Inc. raised its holdings in shares of Oracle by 32.7% during the 4th quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider's stock worth $1,123,000 after buying an additional 1,659 shares in the last quarter. Finally, Certuity LLC raised its holdings in shares of Oracle by 28.9% during the 4th quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider's stock worth $1,302,000 after buying an additional 1,753 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now owns 31,764 shares in the company, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction 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 sale, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 over the last 90 days. Insiders own 42.20% of the company's stock.

Oracle Trading Up 0.3%

Shares of ORCL stock traded up $0.46 during mid-day trading on Tuesday, hitting $177.61. The company's stock had a trading volume of 11,031,222 shares, compared to its average volume of 9,517,038. 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. The company's fifty day simple moving average is $147.83 and its 200-day simple moving average is $160.13. The company has a market cap 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 (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $14.40 billion. During the same quarter in the previous year, the company posted $1.41 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ORCL. Guggenheim reiterated a "buy" rating and issued a $220.00 target price on shares of Oracle in a research report on Thursday, June 5th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Oracle in a report on Monday. KeyCorp reissued an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Cantor Fitzgerald cut their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Finally, Barclays lowered their price target on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Thirteen 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $177.35.

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.