Greenwood Capital Associates LLC Increases Stake in Oracle Co. (NYSE:ORCL)

Greenwood Capital Associates LLC grew its position in Oracle Co. (NYSE:ORCL) by 14.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 51,944 shares of the enterprise software provider’s stock after buying an additional 6,440 shares during the period. Oracle makes up about 1.0% of Greenwood Capital Associates LLC’s investment portfolio, making the stock its 28th largest holding. Greenwood Capital Associates LLC’s holdings in Oracle were worth $7,262,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ORCL. Sunbeam Capital Management LLC bought a new stake in Oracle in the 4th quarter worth about $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the fourth quarter worth approximately $34,000. TFC Financial Management Inc. lifted its position in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle during the fourth quarter valued at approximately $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $7,538,339.30. The trade was a 7.93% 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 over the last quarter. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on shares of Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. Stephens started coverage on Oracle in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price on the stock. Citigroup increased their price objective on shares of Oracle from $160.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday. Wall Street Zen downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group upped their target price on shares of Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a report on Monday. Twelve equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $175.78.

Oracle Stock Down 0.6%

Shares of 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 stock 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 1 year low of $118.86 and a 1 year high of $198.31. The business’s 50 day simple moving average is $149.60 and its 200-day simple 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, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the firm posted $1.63 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

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.