Greenwood Capital Associates LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Greenwood Capital Associates LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 14.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,944 shares of the enterprise software provider’s stock after buying an additional 6,440 shares during the period. Oracle comprises approximately 1.0% of Greenwood Capital Associates LLC’s holdings, making the stock its 28th largest holding. Greenwood Capital Associates LLC’s holdings in Oracle were worth $7,262,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ORCL. Capital & Planning LLC lifted its position in Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock valued at $2,621,000 after acquiring an additional 81 shares during the last quarter. Brighton Jones LLC grew its position 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 Oracle during the 4th quarter valued at approximately $51,084,000. Revolve Wealth Partners LLC raised its holdings in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after buying an additional 404 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its stake 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. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. Jefferies Financial Group upped their target price on Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Monday. Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price objective on the stock. Wall Street Zen downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. DA Davidson dropped their target price on Oracle from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Evercore ISI reduced their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.78.

Oracle Stock Performance

Shares of ORCL stock opened at $176.33 on Thursday. 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 Co. has a 12-month low of $118.86 and a 12-month high of $198.31. The business’s 50 day moving average is $149.60 and its two-hundred day moving average is $160.36. The company has a market capitalization of $493.20 billion, a P/E ratio of 43.11, a P/E/G ratio of 3.46 and a beta of 1.32.

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

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle 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 completion of the sale, the director now directly owns 34,630 shares in the company, valued at $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. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 over the last ninety days. Corporate 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.