CX Institutional Has $2.25 Million Holdings in Oracle Co. (NYSE:ORCL)

CX Institutional increased its holdings in Oracle Co. (NYSE:ORCL) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,114 shares of the enterprise software provider’s stock after purchasing an additional 737 shares during the quarter. CX Institutional’s holdings in Oracle were worth $2,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Capital & Planning LLC lifted its stake in shares of Oracle by 0.5% in the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after acquiring an additional 81 shares during the period. Brighton Jones LLC raised its holdings in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Oracle in the 4th quarter worth approximately $51,084,000. Revolve Wealth Partners LLC boosted its stake in shares of Oracle by 8.1% in the 4th 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, Focus Financial Network Inc. increased its position in shares of Oracle by 2.7% during the fourth quarter. Focus Financial Network Inc. now owns 10,798 shares of the enterprise software provider’s stock worth $1,799,000 after buying an additional 287 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 0.6%

Shares of Oracle stock opened at $176.33 on Thursday. The company has a market capitalization of $493.20 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The stock has a fifty day simple moving average of $149.60 and a 200 day simple moving average of $160.36. Oracle Co. has a 12-month low of $118.86 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ORCL. Royal Bank of Canada raised shares of Oracle from a “hold” rating to a “moderate buy” rating in a research report on Monday. BMO Capital Markets boosted their price objective on Oracle from $175.00 to $200.00 and gave the company a “market perform” rating in a research note on Monday. Loop Capital set a $135.00 target price on Oracle in a research note on Tuesday. Mizuho dropped their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, Westpark Capital started coverage on Oracle in a report on Tuesday, April 1st. They set a “buy” rating and a $195.00 price target on the stock. Twelve research 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.78.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at $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 is available through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,366 shares of company stock worth $4,015,723. Insiders own 42.20% of the company’s stock.

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.