McKinley Carter Wealth Services Inc. Acquires 532 Shares of Oracle Co. (NYSE:ORCL)

McKinley Carter Wealth Services Inc. raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,910 shares of the enterprise software provider’s stock after purchasing an additional 532 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Oracle were worth $966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 2,296,069 shares in the last quarter. FMR LLC increased its position in shares of Oracle by 0.4% during the fourth 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 in the last quarter. Geode Capital Management LLC increased its position 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 valued at $5,954,961,000 after acquiring an additional 619,619 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after acquiring an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock valued at $3,269,566,000 after acquiring an additional 2,176,892 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.6%

Shares of ORCL stock opened at $176.33 on Thursday. The stock has a market cap of $493.20 billion, a P/E ratio of 43.11, a PEG ratio of 3.46 and a beta of 1.32. Oracle Co. has a 52 week low of $118.86 and a 52 week 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 company’s fifty day simple moving average is $149.60 and its two-hundred day simple moving average is $160.36.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 EPS. Analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Insider Activity

In other news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research reports. Citigroup raised their target price on shares of Oracle from $160.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday. Piper Sandler restated a “neutral” rating and issued a $130.00 target price on shares of Oracle in a report on Wednesday. CIBC restated a “buy” rating on shares of Oracle in a report on Monday. KeyCorp restated an “overweight” rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Finally, Wall Street Zen cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $175.78.

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.