Parisi Gray Wealth Management Grows Position in Oracle Co. (NYSE:ORCL)

Parisi Gray Wealth Management grew its stake in shares of Oracle Co. (NYSE:ORCL) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,722 shares of the enterprise software provider’s stock after acquiring an additional 212 shares during the quarter. Parisi Gray Wealth Management’s holdings in Oracle were worth $1,779,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Oracle by 1.5% during the fourth 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 grew its position in shares of Oracle by 0.4% during 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 period. Geode Capital Management LLC grew its position in shares of Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after acquiring an additional 619,619 shares during the period. Franklin Resources Inc. increased its stake in shares of Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock worth $3,366,531,000 after purchasing an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in 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 period. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ORCL. Barclays cut their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Guggenheim reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Oracle in a research note on Thursday. Jefferies Financial Group lowered their target price on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, DA Davidson cut their price target on Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $174.42.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now owns 31,764 shares of the company’s stock, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock worth $4,015,723 in the last quarter. Company insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.8%

Shares of ORCL opened at $174.22 on Monday. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $198.31. The stock has a market cap of $487.29 billion, a PE ratio of 42.60, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The firm’s fifty day moving average is $147.20 and its two-hundred day moving average is $160.24. 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 (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

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.