Oracle Co. (NYSE:ORCL) Shares Purchased by Members Wealth LLC

Members Wealth LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 2.1% in the first quarter, HoldingsChannel.com reports. The firm owned 5,538 shares of the enterprise software provider’s stock after buying an additional 115 shares during the quarter. Members Wealth LLC’s holdings in Oracle were worth $774,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital & Planning LLC lifted its stake in Oracle by 0.5% in the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock valued at $2,621,000 after buying an additional 81 shares during the last quarter. Brighton Jones LLC lifted its stake in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after buying an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Oracle in the fourth quarter valued at approximately $51,084,000. Revolve Wealth Partners LLC lifted its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after buying an additional 404 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its stake in Oracle by 2.7% in the fourth quarter. Focus Financial Network Inc. now owns 10,798 shares of the enterprise software provider’s stock valued at $1,799,000 after buying an additional 287 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Down 0.6%

Oracle stock opened at $176.33 on Thursday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $493.20 billion, a price-to-earnings ratio of 43.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $198.31. The stock’s fifty day moving average is $149.60 and its two-hundred day moving average is $160.36.

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

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. Royal Bank of Canada upgraded Oracle from a “hold” rating to a “moderate buy” rating in a research note on Monday. JPMorgan Chase & Co. cut their price target on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Mizuho cut their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Morgan Stanley restated a “positive” rating on shares of Oracle in a research note on Monday. Finally, Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday. Twelve equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.78.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. 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 quarter. Insiders own 42.20% of the company’s stock.

About Oracle

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.