Oracle Co. (NYSE:ORCL) Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its position in Oracle Co. (NYSE:ORCL - Free Report) by 6.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,773 shares of the enterprise software provider's stock after purchasing an additional 4,618 shares during the period. Pallas Capital Advisors LLC's holdings in Oracle were worth $10,035,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in shares of Oracle by 26.2% during the 1st quarter. Farther Finance Advisors LLC now owns 61,406 shares of the enterprise software provider's stock valued at $8,716,000 after purchasing an additional 12,752 shares during the last quarter. City Holding Co. increased its position in shares of Oracle by 5.6% during the 1st quarter. City Holding Co. now owns 27,980 shares of the enterprise software provider's stock valued at $3,912,000 after purchasing an additional 1,481 shares during the last quarter. Millington Financial Advisors LLC purchased a new stake in shares of Oracle during the 1st quarter valued at about $1,292,000. Daymark Wealth Partners LLC increased its position in shares of Oracle by 2.4% during the 1st quarter. Daymark Wealth Partners LLC now owns 103,128 shares of the enterprise software provider's stock valued at $14,418,000 after purchasing an additional 2,374 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its position in shares of Oracle by 3.7% during the 1st quarter. CHICAGO TRUST Co NA now owns 35,754 shares of the enterprise software provider's stock valued at $4,999,000 after purchasing an additional 1,272 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 in the last 90 days. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $0.46 on Tuesday, hitting $177.61. 11,039,682 shares of the company were exchanged, compared to its average volume of 9,514,411. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $198.31. The stock's 50 day moving average price is $147.83 and its 200 day moving average price is $160.13. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $496.77 billion, a P/E ratio of 43.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last posted its 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). The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. 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 firm earned $1.41 earnings per share. Sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ORCL shares. UBS Group reissued a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Oracle in a report on Monday. Morgan Stanley increased their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Monday. Westpark Capital began coverage on shares of Oracle in a report on Tuesday, April 1st. They set a "buy" rating and a $195.00 price objective for the company. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $130.00 price objective (down from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Thirteen 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.com, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $177.35.

About Oracle

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.