Central Valley Advisors LLC Sells 1,435 Shares of Oracle Co. (NYSE:ORCL)

Central Valley Advisors LLC cut its position in Oracle Co. (NYSE:ORCL) by 48.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,555 shares of the enterprise software provider’s stock after selling 1,435 shares during the quarter. Central Valley Advisors LLC’s holdings in Oracle were worth $217,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Dividend Assets Capital LLC boosted its position in Oracle by 108.1% in the 1st quarter. Dividend Assets Capital LLC now owns 73,145 shares of the enterprise software provider’s stock worth $10,226,000 after purchasing an additional 38,001 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Oracle during the 1st quarter worth approximately $7,006,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Oracle during the 1st quarter worth approximately $157,000. Crescent Sterling Ltd. acquired a new position in shares of Oracle during the 1st quarter worth approximately $280,000. Finally, Simplicity Wealth LLC raised its stake in shares of Oracle by 289.2% during the 1st quarter. Simplicity Wealth LLC now owns 25,690 shares of the enterprise software provider’s stock worth $3,592,000 after buying an additional 19,090 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

ORCL opened at $177.19 on Tuesday. The firm has a market cap of $495.60 billion, a PE ratio of 43.32, a P/E/G ratio of 3.46 and a beta of 1.32. 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 business has a fifty day simple moving average of $147.83 and a 200-day simple moving average of $160.13. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $198.31.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Westpark Capital assumed coverage on Oracle in a research note on Tuesday, April 1st. They set a “buy” rating and a $195.00 target price for the company. KeyCorp reissued an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Morgan Stanley increased their price objective on Oracle from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Bank of America reduced their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Thirteen investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.35.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction 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 sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. 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 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 value of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,366 shares of company stock worth $4,015,723. Corporate insiders own 42.20% of the company’s stock.

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.