Moss Adams Wealth Advisors LLC Has $1.50 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Moss Adams Wealth Advisors LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,724 shares of the enterprise software provider’s stock after acquiring an additional 572 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Oracle were worth $1,499,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ORCL. Sunbeam Capital Management LLC bought a new stake in Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth $34,000. TFC Financial Management Inc. grew 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 purchasing an additional 120 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the 4th quarter worth $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 1.8%

Shares of NYSE ORCL opened at $174.22 on Monday. Oracle Co. has a one year low of $118.86 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average price is $147.20 and its 200-day moving average price is $160.24. The stock has a market capitalization of $487.29 billion, a PE ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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 firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 EPS. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,366 shares of company stock valued at $4,015,723. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Piper Sandler reiterated a “neutral” rating and issued a $130.00 target price (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Evercore ISI lowered their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Guggenheim reiterated a “buy” rating and issued a $220.00 target price on shares of Oracle in a report on Thursday. UBS Group reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Finally, Stephens started coverage on Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective for the company. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $174.42.

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.