Simplicity Wealth LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Simplicity Wealth LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 289.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,690 shares of the enterprise software provider’s stock after acquiring an additional 19,090 shares during the quarter. Simplicity Wealth LLC’s holdings in Oracle were worth $3,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. FMR LLC increased its stake in shares of Oracle by 0.4% in 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of Oracle by 1.8% in 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 in the last quarter. Franklin Resources Inc. increased its stake in shares of Oracle by 9.3% in 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 in the last quarter. Finally, Northern Trust Corp increased its stake 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 worth $3,269,566,000 after acquiring an additional 2,176,892 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were 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 represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 in the last quarter. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL opened at $177.19 on Tuesday. 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 stock has a market capitalization of $495.60 billion, a P/E ratio of 43.32, a P/E/G ratio of 3.46 and a beta of 1.32. The company’s 50-day simple moving average is $147.83 and its two-hundred day simple moving average is $160.13. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 EPS. As a group, analysts predict that Oracle Co. will post 5 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORCL. Evercore ISI decreased their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Cantor Fitzgerald decreased their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. DA Davidson decreased their price target on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. BMO Capital Markets increased their price objective on shares of Oracle from $175.00 to $200.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Mizuho cut their price objective on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $177.35.

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.