Junto Capital Management LP Takes Position in Oracle Co. (NYSE:ORCL)

Junto Capital Management LP bought a new stake in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 311,728 shares of the enterprise software provider’s stock, valued at approximately $32,865,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Visionary Wealth Advisors grew its position in shares of Oracle by 29.5% during the fourth quarter. Visionary Wealth Advisors now owns 10,939 shares of the enterprise software provider’s stock worth $1,153,000 after acquiring an additional 2,494 shares during the last quarter. Bellevue Group AG purchased a new position in Oracle during the 4th quarter worth $48,000. Unigestion Holding SA increased its stake in Oracle by 47.2% in the fourth quarter. Unigestion Holding SA now owns 168,311 shares of the enterprise software provider’s stock valued at $17,740,000 after purchasing an additional 53,999 shares during the period. Lighthouse Investment Partners LLC raised its holdings in shares of Oracle by 12.3% in the fourth quarter. Lighthouse Investment Partners LLC now owns 141,858 shares of the enterprise software provider’s stock valued at $14,956,000 after buying an additional 15,541 shares during the last quarter. Finally, Woodward Diversified Capital LLC acquired a new stake in shares of Oracle during the fourth quarter worth about $292,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Oppenheimer assumed coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. Citigroup decreased their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a report on Monday. HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, KeyCorp initiated coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.29.

Oracle Price Performance

ORCL stock traded down $1.37 on Monday, reaching $124.55. The company had a trading volume of 10,165,505 shares, compared to its average volume of 8,045,278. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day moving average is $120.19 and its 200 day moving average is $115.59. The company has a market cap of $342.33 billion, a P/E ratio of 32.86, a PEG ratio of 2.60 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. On average, research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the sale, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 880,000 shares of company stock valued at $110,488,150. Insiders own 42.80% of the company’s stock.

Oracle Company 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.