Oracle Co. (NYSE:ORCL) Shares Bought by Gibson Capital LLC

Gibson Capital LLC increased its stake in Oracle Co. (NYSE:ORCL) by 11.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,578 shares of the enterprise software provider’s stock after buying an additional 258 shares during the quarter. Gibson Capital LLC’s holdings in Oracle were worth $360,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ORCL. Vanguard Group Inc. boosted its position in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after buying an additional 2,296,069 shares during the last quarter. FMR LLC increased its holdings 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 valued at $6,332,803,000 after acquiring an additional 156,269 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock worth $5,954,961,000 after purchasing an additional 619,619 shares during the period. Franklin Resources Inc. raised its stake in Oracle by 9.3% during the fourth 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 during the period. Finally, Northern Trust Corp lifted its holdings 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 purchasing an additional 2,176,892 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ORCL. Evercore ISI cut their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Barclays reduced their price target on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Stephens assumed coverage on shares of Oracle in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective on the stock. Finally, Citigroup boosted their target price on Oracle from $160.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday. Thirteen research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $177.35.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred 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 transaction, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

ORCL opened at $177.19 on Tuesday. The stock has a 50-day moving average of $147.83 and a 200-day moving average of $160.13. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $198.31. The company has a market cap of $495.60 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

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

Oracle 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.