Oracle Co. (NYSE:ORCL) Shares Acquired by Courier Capital LLC

Courier Capital LLC boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 8.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,675 shares of the enterprise software provider's stock after purchasing an additional 5,102 shares during the quarter. Courier Capital LLC's holdings in Oracle were worth $9,462,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,366 shares of company stock worth $4,015,723. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Up 1.8%

Oracle stock opened at $174.22 on Monday. The company's fifty day simple moving average is $147.20 and its 200-day simple moving average is $160.24. 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 stock has a market cap of $487.29 billion, a P/E ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32.

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). The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Wall Street Zen downgraded Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. BMO Capital Markets reduced their price objective on Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a "sector perform" rating in a report on Tuesday, March 11th. Finally, Stephens began coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price on the stock. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average target price of $174.42.

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.

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