Midland Wealth Advisors LLC Sells 1,819 Shares of Oracle Co. (NYSE:ORCL)

Midland Wealth Advisors LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,759 shares of the enterprise software provider’s stock after selling 1,819 shares during the quarter. Oracle accounts for 0.2% of Midland Wealth Advisors LLC’s portfolio, making the stock its 29th largest holding. Midland Wealth Advisors LLC’s holdings in Oracle were worth $3,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its position in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. McClarren Financial Advisors Inc. lifted its stake in shares of 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 buying an additional 1,069 shares during the period. RMR Wealth Builders grew its position in Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after buying an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in Oracle by 24.8% during 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 period. Finally, Crews Bank & Trust acquired a new position in Oracle in the 4th quarter valued at approximately $1,800,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 3.3 %

Shares of ORCL opened at $155.89 on Monday. The firm has a market capitalization of $436.01 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 52 week low of $111.18 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 price is $167.63 and its two-hundred day moving average price is $169.51.

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). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. KeyCorp lifted their price target 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. Morgan Stanley boosted their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Evercore ISI raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald cut shares of Oracle to an “overweight” rating in a research note on Monday, February 10th. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

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.