Oracle Co. (NYSE:ORCL) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. reduced its position in Oracle Co. (NYSE:ORCL - Free Report) by 32.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,481 shares of the enterprise software provider's stock after selling 38,371 shares during the period. Wesbanco Bank Inc.'s holdings in Oracle were worth $11,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ORCL. Cookson Peirce & Co. Inc. increased its holdings in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after acquiring an additional 60 shares in the last quarter. Warther Private Wealth LLC boosted its position in shares of Oracle by 1.8% during 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 during the last quarter. Howard Bailey Securities LLC lifted its position in Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock valued at $379,000 after buying an additional 64 shares during the last quarter. New England Capital Financial Advisors LLC lifted its position in Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock valued at $177,000 after buying an additional 64 shares during the last quarter. Finally, Cape ANN Savings Bank lifted its position in Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after buying an additional 65 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORCL has been the topic of several research reports. Mizuho reduced their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Stifel Nicolaus dropped their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Jefferies Financial Group decreased their price objective on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, KeyCorp reaffirmed an "overweight" rating and set a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Trading Up 1.8%

Shares of ORCL stock opened at $174.22 on Monday. 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. The business has a fifty day simple moving average of $147.20 and a 200-day simple moving average of $160.24. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $198.31. 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 (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value 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. The trade was a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, 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 sold 27,366 shares of company stock worth $4,015,723 in the last 90 days. 42.20% of the stock is owned by company insiders.

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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