Axa S.A. Sells 186,137 Shares of Oracle Co. (NYSE:ORCL)

Axa S.A. lessened its holdings in Oracle Co. (NYSE:ORCL) by 28.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 461,686 shares of the enterprise software provider’s stock after selling 186,137 shares during the quarter. Axa S.A.’s holdings in Oracle were worth $42,900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Solidarity Wealth LLC acquired a new stake in shares of Oracle in the first quarter valued at approximately $2,817,000. Bison Wealth LLC raised its position in shares of Oracle by 3.5% in the first quarter. Bison Wealth LLC now owns 9,685 shares of the enterprise software provider’s stock valued at $944,000 after buying an additional 331 shares in the last quarter. Gladstone Institutional Advisory LLC raised its stake in Oracle by 355.1% in the first quarter. Gladstone Institutional Advisory LLC now owns 52,187 shares of the enterprise software provider’s stock valued at $4,849,000 after purchasing an additional 40,719 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Oracle by 541.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 792,300 shares of the enterprise software provider’s stock valued at $73,621,000 after purchasing an additional 668,800 shares in the last quarter. Finally, Intact Investment Management Inc. raised its stake in Oracle by 25.0% in the first quarter. Intact Investment Management Inc. now owns 4,500 shares of the enterprise software provider’s stock valued at $418,000 after purchasing an additional 900 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, insider Edward Screven sold 354,837 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $123.39, for a total transaction of $43,783,337.43. Following the sale, the insider now directly owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Edward Screven sold 354,837 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total transaction of $43,783,337.43. Following the sale, the insider now owns 2,543,033 shares of the company’s stock, valued at approximately $313,784,841.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Smith sold 3,680 shares of the stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $115.00, for a total value of $423,200.00. Following the sale, the executive vice president now directly owns 16,600 shares in the company, valued at approximately $1,909,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,175,443 shares of company stock worth $510,658,596. 43.70% of the stock is owned by corporate insiders.

Oracle Stock Up 1.0 %

Shares of NYSE ORCL opened at $126.32 on Monday. Oracle Co. has a one year low of $60.78 and a one year high of $127.54. The company has a debt-to-equity ratio of 55.54, a current ratio of 0.91 and a quick ratio of 0.91. The business’s fifty day moving average price is $117.37 and its 200-day moving average price is $105.44. The stock has a market capitalization of $342.87 billion, a PE ratio of 41.28, a P/E/G ratio of 3.48 and a beta of 1.00.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, June 12th. The enterprise software provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.09. Oracle had a negative return on equity of 470.73% and a net margin of 17.02%. The firm had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.74 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Co. will post 4.5 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ORCL. Bank of America boosted their target price on Oracle from $112.00 to $132.00 in a research note on Tuesday, June 13th. Evercore ISI upped their price target on shares of Oracle from $95.00 to $110.00 in a report on Monday, June 12th. Jefferies Financial Group upped their price objective on Oracle from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Oracle in a research note on Thursday, July 27th. Finally, Mizuho increased their price objective on Oracle from $116.00 to $150.00 in a report on Tuesday, June 13th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.72.

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.