Yarbrough Capital LLC Decreases Stake in Oracle Co. (NYSE:ORCL)

Yarbrough Capital LLC reduced its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 42.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,982 shares of the enterprise software provider's stock after selling 2,167 shares during the quarter. Yarbrough Capital LLC's holdings in Oracle were worth $417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Oracle in the fourth quarter valued at approximately $2,216,314,000. Raymond James Financial Inc. bought a new position in Oracle during the 4th quarter valued at $930,095,000. GAMMA Investing LLC boosted its holdings in Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 1.8%

Shares of ORCL traded up $3.17 during trading hours on Monday, hitting $177.19. The company had a trading volume of 9,659,888 shares, compared to its average volume of 9,510,944. The firm has a market cap of $495.60 billion, a P/E ratio of 43.32, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $198.31. The stock's 50 day moving average price is $147.20 and its 200 day moving average price 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 (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share 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 net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $1.41 EPS. On average, research analysts predict that Oracle Co. will post 5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ORCL shares. Morgan Stanley boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an "equal weight" rating in a report on Monday. Cantor Fitzgerald lowered their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. DA Davidson dropped their price target 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. Citigroup raised their target price on Oracle from $160.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of Oracle in a report on Monday. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $177.35.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The stock was 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 owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director now directly owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by company 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.