SOA Wealth Advisors LLC. Lowers Stake in Oracle Co. (NYSE:ORCL)

SOA Wealth Advisors LLC. trimmed its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 72.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,156 shares of the enterprise software provider's stock after selling 21,559 shares during the quarter. SOA Wealth Advisors LLC.'s holdings in Oracle were worth $1,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of ORCL. McClarren Financial Advisors Inc. increased its holdings in shares of Oracle by 201.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after buying an additional 1,069 shares during the period. Cornerstone Advisory LLC lifted its position in Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after purchasing an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $211,000. AFT Forsyth & Company Inc. increased its stake in shares of Oracle by 32.7% in the fourth quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider's stock worth $1,123,000 after buying an additional 1,659 shares during the period. Finally, Certuity LLC raised its holdings in Oracle by 28.9% during the 4th quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider's stock valued at $1,302,000 after buying an additional 1,753 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 in the last 90 days. 42.20% of the stock is currently owned by insiders.

Oracle Stock Up 1.8%

Shares of NYSE ORCL traded up $3.17 during midday trading on Monday, hitting $177.19. The stock had a trading volume of 9,659,888 shares, compared to its average volume of 9,510,954. The business's 50 day moving average is $147.20 and its 200-day moving average is $160.24. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $495.60 billion, a P/E ratio of 43.32, a PEG ratio of 3.46 and a beta of 1.32.

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 (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 business's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. As a group, analysts predict that Oracle Co. will post 5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ORCL. JPMorgan Chase & Co. decreased their price objective on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. CIBC restated a "buy" rating on shares of Oracle in a report on Monday. BMO Capital Markets increased their price objective on Oracle from $175.00 to $200.00 and gave the stock a "market perform" rating in a report on Monday. Stifel Nicolaus reduced their target price on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $200.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock 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.