Simplicity Wealth LLC Has $3.59 Million Position in Oracle Co. (NYSE:ORCL)

Simplicity Wealth LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 289.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,690 shares of the enterprise software provider’s stock after buying 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 reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake 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 purchasing an additional 2,296,069 shares during the period. FMR LLC grew its holdings in Oracle by 0.4% during the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock worth $6,332,803,000 after acquiring an additional 156,269 shares during the period. Geode Capital Management LLC grew its holdings in Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock worth $5,954,961,000 after acquiring an additional 619,619 shares during the period. Franklin Resources Inc. grew its holdings in Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock worth $3,366,531,000 after acquiring an additional 1,722,037 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock valued at $3,269,566,000 after buying an additional 2,176,892 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.8%

Shares of ORCL opened at $177.19 on Tuesday. The firm has a market cap of $495.60 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $198.31. The firm has a 50 day moving average price of $147.83 and a 200-day moving average price of $160.13.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ORCL. JPMorgan Chase & Co. cut their price target 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. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. CIBC reissued a “buy” rating on shares of Oracle in a report on Monday. Guggenheim restated a “buy” rating and set a $220.00 target price on shares of Oracle in a research report on Thursday, June 5th. Finally, Stephens assumed coverage on shares of Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target for the company. Thirteen 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’s stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $177.35.

Insider Activity at Oracle

In other Oracle news, 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 transaction, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 58,090 shares in the company, valued at approximately $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 sold 27,366 shares of company stock worth $4,015,723 in the last three months. 42.20% of the stock is owned by insiders.

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.