Oracle Co. (NYSE:ORCL) Holdings Lessened by Neumann Capital Management LLC

Neumann Capital Management LLC cut its position in Oracle Co. (NYSE:ORCL) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,623 shares of the enterprise software provider’s stock after selling 1,370 shares during the quarter. Oracle accounts for 3.7% of Neumann Capital Management LLC’s portfolio, making the stock its 9th largest position. Neumann Capital Management LLC’s holdings in Oracle were worth $10,573,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $30,000. Hurley Capital LLC purchased a new position in Oracle in the fourth quarter valued at about $33,000. Synergy Investment Management LLC acquired a new stake in Oracle during the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. increased its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle in the 4th quarter valued at approximately $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction 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 sale, the director now owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Down 0.6%

ORCL opened at $176.33 on Thursday. The stock’s 50 day moving average price is $149.60 and its 200 day moving average price is $160.36. 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 stock has a market cap 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 Co. has a 12 month low of $118.86 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly 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 return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent analyst reports. Stephens assumed coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target for the company. Barclays decreased their price objective on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Mizuho dropped their target price on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Cantor Fitzgerald decreased their price target on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Wall Street Zen cut Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Twelve 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.67.

Oracle Company 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.