Oracle Co. (NYSE:ORCL) Position Reduced by Founders Capital Management LLC

Founders Capital Management LLC trimmed its stake in Oracle Co. (NYSE:ORCL) by 4.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,934 shares of the enterprise software provider’s stock after selling 374 shares during the quarter. Founders Capital Management LLC’s holdings in Oracle were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Cookson Peirce & Co. Inc. grew its holdings in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. Warther Private Wealth LLC boosted its stake in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after buying an additional 63 shares in the last quarter. Howard Bailey Securities LLC boosted its stake in Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock worth $379,000 after buying an additional 64 shares in the last quarter. New England Capital Financial Advisors LLC boosted its stake in Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after buying an additional 64 shares in the last quarter. Finally, Cape ANN Savings Bank boosted its stake in Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock worth $970,000 after buying an additional 65 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

ORCL opened at $177.61 on Wednesday. The firm has a market cap of $496.77 billion, a P/E ratio of 43.43, a price-to-earnings-growth 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 debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business’s fifty day moving average is $148.64 and its 200-day moving average is $160.25.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stifel Nicolaus cut their price target on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. KeyCorp restated an “overweight” rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Morgan Stanley reiterated a “positive” rating on shares of Oracle in a research report on Monday. Bank of America decreased their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, BMO Capital Markets upped their price target on Oracle from $175.00 to $200.00 and gave the stock a “market perform” rating in a research report on Monday. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $175.78.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock valued at $4,015,723 over the last ninety days. 42.20% of the stock is owned by corporate insiders.

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.