Oracle Co. (NYSE:ORCL) Shares Sold by Wedmont Private Capital

Wedmont Private Capital decreased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,236 shares of the enterprise software provider's stock after selling 2,062 shares during the period. Oracle makes up about 0.6% of Wedmont Private Capital's investment portfolio, making the stock its 28th largest position. Wedmont Private Capital's holdings in Oracle were worth $11,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital & Planning LLC raised its holdings in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after purchasing an additional 81 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Oracle during the 4th quarter valued at approximately $51,084,000. Revolve Wealth Partners LLC boosted its holdings in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its stake in shares of Oracle by 10.5% in the fourth quarter. Financial Advocates Investment Management now owns 6,787 shares of the enterprise software provider's stock worth $1,131,000 after buying an additional 646 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 in the last quarter. 42.20% of the stock is owned by insiders.

Oracle Stock Down 0.6%

Shares of NYSE:ORCL traded down $1.15 on Wednesday, hitting $176.33. 10,716,952 shares of the company's stock were exchanged, compared to its average volume of 9,537,062. The firm's 50-day moving average is $148.64 and its 200 day moving average is $160.25. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $493.20 billion, a PE ratio of 43.11, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 earnings per share. Sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. Wall Street Zen lowered shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Morgan Stanley reaffirmed a "positive" rating on shares of Oracle in a research note on Monday. Citigroup increased their price target on Oracle from $160.00 to $186.00 and gave the company a "neutral" rating in a report on Monday. CIBC reiterated a "buy" rating on shares of Oracle in a report on Monday. Finally, Guggenheim restated a "buy" rating and issued a $220.00 price objective on shares of Oracle in a report on Thursday, June 5th. Twelve equities research 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 company. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus target price of $175.78.

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.