Oracle Co. (NYSE:ORCL) Shares Acquired by City Holding Co.

City Holding Co. boosted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 5.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,980 shares of the enterprise software provider's stock after purchasing an additional 1,481 shares during the quarter. City Holding Co.'s holdings in Oracle were worth $3,912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital & Planning LLC boosted its position in shares of 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 period. Brighton Jones LLC raised its stake in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Oracle during the 4th quarter valued at $51,084,000. Revolve Wealth Partners LLC boosted its position in 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 acquiring an additional 404 shares during the period. Finally, Vest Financial LLC grew its stake in shares of Oracle by 9.6% in the fourth quarter. Vest Financial LLC now owns 28,743 shares of the enterprise software provider's stock worth $4,790,000 after purchasing an additional 2,514 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the 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 sale, the director now owns 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. 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 ninety days. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Up 1.8%

Shares of NYSE ORCL opened at $174.22 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $198.31. The company has a market cap of $487.29 billion, a price-to-earnings ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32. The business has a fifty day simple moving average of $147.20 and a 200-day simple moving average of $160.24.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 company 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 firm posted $1.41 EPS. Oracle's quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent analyst reports. DA Davidson cut their price objective on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Bank of America lowered their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Guggenheim reaffirmed a "buy" rating and issued a $220.00 price target on shares of Oracle in a research note on Thursday. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the company a "sector perform" rating in a report on Tuesday, March 11th. Finally, Wall Street Zen lowered shares of Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $174.42.

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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