Hurlow Wealth Management Group Inc. bought a new position in Oracle Co. (NYSE:ORCL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,000 shares of the enterprise software provider’s stock, valued at approximately $221,000.

A number of other large investors have also modified their holdings of the business. Gantzert Investment Co. LLC ADV acquired a new stake in shares of Oracle during the fourth quarter worth $1,281,000. Allred Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $804,000. Sabal Trust CO raised its holdings in shares of Oracle by 21.2% during the fourth quarter. Sabal Trust CO now owns 6,541 shares of the enterprise software provider’s stock worth $295,000 after acquiring an additional 1,145 shares during the period. Boys Arnold & Co. Inc. raised its holdings in shares of Oracle by 2.8% during the fourth quarter. Boys Arnold & Co. Inc. now owns 46,989 shares of the enterprise software provider’s stock worth $2,106,000 after acquiring an additional 1,300 shares during the period. Finally, Naples Global Advisors LLC raised its holdings in shares of Oracle by 2.4% during the fourth quarter. Naples Global Advisors LLC now owns 36,343 shares of the enterprise software provider’s stock worth $1,738,000 after acquiring an additional 841 shares during the period. 53.15% of the stock is owned by institutional investors and hedge funds.

In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $54.52, for a total value of $204,450.00. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,524,869.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark V. Hurd sold 1,200,000 shares of Oracle stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,664,227 shares of the company’s stock, valued at approximately $89,585,339.41. The disclosure for this sale can be found here. In the last three months, insiders sold 2,470,000 shares of company stock valued at $133,690,075. Insiders own 32.00% of the company’s stock.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price objective on shares of Oracle in a report on Wednesday, March 13th. Exane BNP Paribas assumed coverage on shares of Oracle in a report on Friday, March 29th. They set a “neutral” rating and a $50.00 price objective on the stock. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Wednesday, May 15th. UBS Group restated a “neutral” rating and set a $54.00 price objective on shares of Oracle in a report on Friday. Finally, Morgan Stanley raised their price objective on shares of Oracle from $54.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $53.11.

Shares of ORCL stock opened at $53.28 on Friday. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 2.13. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $55.53. The firm has a market capitalization of $184.01 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the business earned $0.83 EPS. The company’s revenue was down .7% compared to the same quarter last year. Research analysts expect that Oracle Co. will post 3.09 EPS for the current year.

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About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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