Portside Wealth Group LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Portside Wealth Group LLC grew its stake in Oracle Co. (NYSE:ORCL - Free Report) by 10.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,276 shares of the enterprise software provider's stock after acquiring an additional 6,338 shares during the quarter. Oracle accounts for 1.5% of Portside Wealth Group LLC's holdings, making the stock its 8th biggest position. Portside Wealth Group LLC's holdings in Oracle were worth $9,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Sunbeam Capital Management LLC bought a new stake in Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC bought a new stake in Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new stake in Oracle during the 4th quarter worth approximately $34,000. TFC Financial Management Inc. increased 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 worth $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle during the 4th quarter worth approximately $36,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 0.6%

Shares of NYSE ORCL traded down $1.15 during trading hours on Wednesday, hitting $176.33. The company had a trading volume of 17,512,445 shares, compared to its average volume of 9,512,944. The firm's 50 day moving average is $149.60 and its 200-day moving average is $160.36. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $198.31. The stock has a market capitalization of $493.20 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. 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 announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. During the same quarter in the prior year, the business posted $1.63 earnings per share. The firm's revenue was up 11.3% on a year-over-year basis. On average, analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on ORCL shares. UBS Group reissued a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday. JPMorgan Chase & Co. lowered their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Bank of America lowered their target price on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Finally, Citigroup raised their price target on shares of Oracle from $160.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday. Twelve equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.78.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 in the last quarter. 42.20% of the stock is currently owned by 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.