Simplicity Wealth LLC Has $1.10 Million Stake in Oracle Co. (NYSE:ORCL)

Simplicity Wealth LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 43.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,600 shares of the enterprise software provider’s stock after selling 5,146 shares during the period. Simplicity Wealth LLC’s holdings in Oracle were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares during the last quarter. McClarren Financial Advisors Inc. increased its stake in Oracle by 201.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after acquiring an additional 1,069 shares during the last quarter. RMR Wealth Builders increased its stake in Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after acquiring an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after acquiring an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in Oracle in the fourth quarter valued at approximately $1,800,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of NYSE ORCL opened at $155.89 on Monday. The firm’s 50-day moving average price is $167.63 and its 200-day moving average price is $169.51. Oracle Co. has a 1-year low of $111.18 and a 1-year high of $198.31. The firm has a market capitalization of $436.01 billion, a P/E ratio of 38.11, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ORCL. BMO Capital Markets boosted their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. KeyCorp boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Piper Sandler boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Citigroup boosted their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.