SJS Investment Consulting Inc. Sells 354 Shares of Oracle Co. (NYSE:ORCL)

SJS Investment Consulting Inc. lessened its position in shares of Oracle Co. (NYSE:ORCL) by 22.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,219 shares of the enterprise software provider’s stock after selling 354 shares during the period. SJS Investment Consulting Inc.’s holdings in Oracle were worth $170,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ORCL. Capital & Planning LLC boosted its stake in shares of Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after buying an additional 81 shares during the last quarter. Brighton Jones LLC raised its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Oracle during the fourth quarter valued at approximately $51,084,000. Revolve Wealth Partners LLC grew its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Oracle during the 4th quarter worth approximately $2,304,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 1.8%

ORCL stock opened at $177.19 on Tuesday. 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. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $198.31. The business has a 50-day simple moving average of $147.83 and a 200 day simple moving average of $160.13.

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). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 earnings per share. Sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several analyst reports. Bank of America decreased their target price on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Citigroup increased their price target on shares of Oracle from $160.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday. BMO Capital Markets boosted their price objective on shares of Oracle from $175.00 to $200.00 and gave the stock a “market perform” rating in a research note on Monday. Evercore ISI cut their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group lifted their price target on Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Monday. Thirteen 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 stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $177.35.

About Oracle

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.