Oracle Co. (NYSE:ORCL) Shares Purchased by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA raised its position in Oracle Co. (NYSE:ORCL) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,358 shares of the enterprise software provider’s stock after purchasing an additional 88 shares during the period. Oracle comprises about 1.8% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 24th largest position. Spectrum Asset Management Inc. NB CA’s holdings in Oracle were worth $3,965,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ferguson Wellman Capital Management Inc. grew its stake in shares of Oracle by 50.8% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 9,355 shares of the enterprise software provider’s stock valued at $1,308,000 after acquiring an additional 3,153 shares in the last quarter. Defined Financial Planning LLC grew its position in shares of Oracle by 12.2% during the 1st quarter. Defined Financial Planning LLC now owns 1,784 shares of the enterprise software provider’s stock valued at $253,000 after buying an additional 194 shares during the last quarter. Kelly Financial Services LLC raised its position in shares of Oracle by 4.4% during the 1st quarter. Kelly Financial Services LLC now owns 2,688 shares of the enterprise software provider’s stock worth $376,000 after purchasing an additional 114 shares during the period. Members Wealth LLC increased its holdings in shares of Oracle by 2.1% in the 1st quarter. Members Wealth LLC now owns 5,538 shares of the enterprise software provider’s stock worth $774,000 after acquiring an additional 115 shares during the period. Finally, Greenwood Capital Associates LLC raised its stake in Oracle by 14.2% during the 1st quarter. Greenwood Capital Associates LLC now owns 51,944 shares of the enterprise software provider’s stock valued at $7,262,000 after acquiring an additional 6,440 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares of the company’s stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the company’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 transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,366 shares of company stock valued at $4,015,723. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $176.33 on Thursday. 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 company has a fifty day moving average price of $149.60 and a 200 day moving average price of $160.36. Oracle Co. has a one year low of $118.86 and a one year high of $198.31. The stock has a market cap of $493.20 billion, a P/E ratio of 43.11, a PEG ratio of 3.46 and a beta of 1.32.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on ORCL shares. Jefferies Financial Group increased their price target on Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp restated an “overweight” rating and set a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada raised shares of Oracle from a “hold” rating to a “moderate buy” rating in a research note on Monday. Finally, BMO Capital Markets lifted their price target on Oracle from $175.00 to $200.00 and gave the company a “market perform” rating in a report on Monday. Twelve investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $177.67.

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.