Simplicity Wealth LLC Buys 19,090 Shares of Oracle Co. (NYSE:ORCL)

Simplicity Wealth LLC boosted its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 289.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,690 shares of the enterprise software provider's stock after acquiring an additional 19,090 shares during the period. Simplicity Wealth LLC's holdings in Oracle were worth $3,592,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ORCL. Norges Bank acquired a new position in Oracle during the 4th quarter valued at $2,216,314,000. Raymond James Financial Inc. bought a new position in shares of Oracle during the 4th quarter worth about $930,095,000. GAMMA Investing LLC raised its position in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after buying an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Oracle by 20.5% in the fourth 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 valued at $2,303,858,000 after buying an additional 2,350,448 shares during the period. Finally, Vanguard Group Inc. grew its position in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on 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 sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 over the last ninety days. Insiders own 42.20% of the company's stock.

Oracle Trading Up 0.3%

Oracle stock traded up $0.46 during mid-day trading on Tuesday, hitting $177.61. The stock had a trading volume of 11,039,682 shares, compared to its average volume of 9,517,049. The stock has a 50-day simple moving average of $147.83 and a two-hundred day simple moving average of $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 stock has a market capitalization of $496.77 billion, a PE ratio of 43.43, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 21.16% and a return on equity of 133.25%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.41 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday. Cantor Fitzgerald reduced their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Mizuho decreased their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, DA Davidson decreased their target price on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Thirteen investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $177.35.

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.