Oracle Co. (NYSE:ORCL) Position Trimmed by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,759 shares of the enterprise software provider’s stock after selling 1,819 shares during the period. Oracle accounts for 0.2% of Midland Wealth Advisors LLC’s portfolio, making the stock its 29th biggest position. Midland Wealth Advisors LLC’s holdings in Oracle were worth $3,293,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. R Squared Ltd bought a new position in Oracle in the fourth quarter worth about $25,000. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $34,000. TFC Financial Management Inc. grew its stake in Oracle by 129.0% during the 4th 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 during the last quarter. Finally, Synergy Asset Management LLC bought a new position in Oracle during the 4th quarter worth $47,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of Oracle stock opened at $155.89 on Monday. Oracle Co. has a 12 month low of $111.18 and a 12 month high of $198.31. 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 stock has a market cap of $436.01 billion, a PE ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The business has a fifty day simple moving average of $167.63 and a 200-day simple moving average of $169.51.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. On average, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. Citigroup boosted their price target on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Jefferies Financial Group upped their target price on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Finally, Stifel Nicolaus raised their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 42.20% of the stock is currently owned by corporate insiders.

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.