Oracle Co. (NYSE:ORCL) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI trimmed its position in Oracle Co. (NYSE:ORCL - Free Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,278 shares of the enterprise software provider's stock after selling 1,783 shares during the quarter. Oracle comprises approximately 1.0% of Parsons Capital Management Inc. RI's holdings, making the stock its 19th biggest position. Parsons Capital Management Inc. RI's holdings in Oracle were worth $17,935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC purchased a new position in Oracle in the 4th quarter worth approximately $30,000. Hurley Capital LLC purchased a new position in shares of Oracle during the fourth quarter valued at about $33,000. Synergy Investment Management LLC bought a new position in Oracle during the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. raised its holdings in shares of 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 acquiring an additional 120 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle in the fourth quarter worth $36,000. Institutional investors own 42.44% of the company's stock.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,000 shares of the business's 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 directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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 Stock Up 0.3%

NYSE ORCL traded up $0.46 on Tuesday, reaching $177.61. 11,039,682 shares of the stock traded hands, compared to its average volume of 9,517,058. The company has a fifty day moving average price of $147.83 and a 200-day moving average price of $160.13. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $198.31. The company has a market cap of $496.77 billion, a price-to-earnings ratio of 43.43, a PEG ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ORCL shares. Morgan Stanley upped their target price on shares of Oracle from $160.00 to $175.00 and gave the company an "equal weight" rating in a research report on Monday. Stifel Nicolaus decreased their price objective on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. DA Davidson lowered their price objective on Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. BMO Capital Markets boosted their target price on Oracle from $175.00 to $200.00 and gave the company a "market perform" rating in a research report on Monday. Finally, Bank of America lowered their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $177.35.

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.