Oracle Co. (NYSE:ORCL) Shares Sold by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,144 shares of the enterprise software provider’s stock after selling 1,325 shares during the quarter. Oracle accounts for approximately 1.2% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 25th largest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Oracle were worth $18,475,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ORCL shares. Stifel Nicolaus reduced their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada raised Oracle from a “hold” rating to a “moderate buy” rating in a report on Monday. Westpark Capital raised their price target on Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp reiterated an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Finally, Bank of America lowered their price objective on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $177.67.

Oracle Trading Down 0.6%

ORCL stock opened at $176.33 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $493.20 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 3.46 and a beta of 1.32. The business has a fifty day simple moving average of $149.60 and a 200-day simple moving average of $160.36. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $198.31.

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

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by company insiders.

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.