Accurate Wealth Management LLC Cuts Stock Holdings in Oracle Co. (NYSE:ORCL)

Accurate Wealth Management LLC lessened its position in Oracle Co. (NYSE:ORCL) by 13.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,199 shares of the enterprise software provider’s stock after selling 1,430 shares during the quarter. Accurate Wealth Management LLC’s holdings in Oracle were worth $1,218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ORCL. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle in the 4th quarter worth $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the 4th quarter worth $34,000. TFC Financial Management Inc. raised its holdings in shares of 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 acquiring an additional 120 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL opened at $177.19 on Tuesday. Oracle Co. has a 1 year low of $118.86 and a 1 year high of $198.31. The stock has a market capitalization of $495.60 billion, a PE ratio of 43.32, a PEG ratio of 3.46 and a beta of 1.32. 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 stock has a 50-day simple moving average of $147.83 and a 200-day simple moving average of $160.13.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm 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 firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 EPS. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on ORCL. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. Bank of America reduced their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. DA Davidson cut their target price on Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Piper Sandler restated a “neutral” rating and issued a $130.00 target price (down previously from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Finally, Westpark Capital assumed coverage on Oracle in a research report on Tuesday, April 1st. They set a “buy” rating and a $195.00 price objective for the company. Thirteen investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.35.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46% 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 over the last ninety days. Corporate insiders own 42.20% of the company’s stock.

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.