Toth Financial Advisory Corp Decreases Holdings in Oracle Co. (NYSE:ORCL)

Toth Financial Advisory Corp lowered its position in Oracle Co. (NYSE:ORCL) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,020 shares of the enterprise software provider’s stock after selling 2,338 shares during the quarter. Oracle makes up approximately 1.4% of Toth Financial Advisory Corp’s portfolio, making the stock its 14th biggest position. Toth Financial Advisory Corp’s holdings in Oracle were worth $11,747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cookson Peirce & Co. Inc. lifted its stake in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after acquiring an additional 60 shares during the last quarter. Warther Private Wealth LLC increased its stake in Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after purchasing an additional 63 shares during the period. Howard Bailey Securities LLC increased its stake in Oracle by 2.9% in the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock worth $379,000 after purchasing an additional 64 shares during the period. New England Capital Financial Advisors LLC lifted its position in Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock valued at $177,000 after purchasing an additional 64 shares during the last quarter. Finally, Cape ANN Savings Bank boosted its stake in shares of Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after purchasing an additional 65 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,000 shares of the company’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 directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% 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 worth $4,015,723 in the last quarter. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. Westpark Capital initiated coverage on shares of Oracle in a research note on Tuesday, April 1st. They issued a “buy” rating and a $195.00 target price on the stock. Barclays lowered their price objective on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Evercore ISI dropped their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Cantor Fitzgerald lowered their price target on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Finally, Citigroup decreased their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $174.42.

Oracle Stock Performance

Oracle stock opened at $174.22 on Monday. Oracle Co. has a twelve month low of $118.86 and a twelve month 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 capitalization of $487.29 billion, a P/E ratio of 42.60, a PEG ratio of 3.46 and a beta of 1.32. The stock’s 50 day moving average is $147.20 and its 200 day moving average is $160.24.

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

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.