Miracle Mile Advisors LLC Has $9.85 Million Position in Oracle Co. (NYSE:ORCL)

Miracle Mile Advisors LLC increased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,423 shares of the enterprise software provider's stock after acquiring an additional 4,724 shares during the period. Miracle Mile Advisors LLC's holdings in Oracle were worth $9,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. raised its holdings in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares in the last quarter. Warther Private Wealth LLC raised its stake in shares of Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after acquiring an additional 63 shares in the last quarter. Howard Bailey Securities LLC lifted its holdings in Oracle by 2.9% in the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after purchasing an additional 64 shares during the last quarter. New England Capital Financial Advisors LLC boosted its position in Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock worth $177,000 after purchasing an additional 64 shares during the period. Finally, Cape ANN Savings Bank grew its holdings in Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

ORCL traded up $3.17 during trading on Monday, hitting $177.19. The company's stock had a trading volume of 9,659,888 shares, compared to its average volume of 9,510,944. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $495.60 billion, a price-to-earnings ratio of 43.32, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The firm's 50 day moving average price is $147.20 and its two-hundred day moving average price is $160.24. 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 released its quarterly earnings results 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 business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. The business's quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of analyst reports. DA Davidson reduced their price objective on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus decreased 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. Royal Bank of Canada reiterated an "outperform" rating on shares of Oracle in a research note on Monday. Wall Street Zen downgraded Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Citigroup lifted their price target on Oracle from $160.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday. Thirteen equities research 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, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $177.35.

Insider Buying and Selling at Oracle

In other Oracle 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 transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred on Monday, May 5th. The stock was 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 of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by corporate insiders.

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.