Northstar Advisory Group LLC Sells 1,813 Shares of Oracle Co. (NYSE:ORCL)

Northstar Advisory Group LLC decreased its position in Oracle Co. (NYSE:ORCL - Free Report) by 9.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 17,340 shares of the enterprise software provider's stock after selling 1,813 shares during the period. Oracle comprises about 1.6% of Northstar Advisory Group LLC's investment portfolio, making the stock its 21st biggest holding. Northstar Advisory Group LLC's holdings in Oracle were worth $2,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital & Planning LLC increased its stake in shares of Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after purchasing an additional 81 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Oracle by 189.3% during the 4th 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 period. Union Bancaire Privee UBP SA bought a new stake in shares of Oracle during the 4th quarter worth $51,084,000. Revolve Wealth Partners LLC boosted its holdings in shares of Oracle by 8.1% during the 4th 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 period. Finally, Vest Financial LLC boosted its holdings in shares of Oracle by 9.6% during the 4th 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 period. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Trading Up 0.3%

Shares of ORCL traded up $0.46 on Tuesday, reaching $177.61. 11,039,682 shares of the company's stock were exchanged, compared to its average volume of 9,514,411. 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 stock has a market capitalization of $496.77 billion, a P/E ratio of 43.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The business has a 50 day moving average price of $147.83 and a two-hundred day moving average price of $160.13. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (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 firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,866 shares of the 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% 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 over the last quarter. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Cantor Fitzgerald reduced their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Stifel Nicolaus reduced their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Finally, Morgan Stanley raised their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an "equal weight" rating in a report on Monday. Thirteen analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $177.35.

About Oracle

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.