Parisi Gray Wealth Management Sells 146 Shares of Oracle Co. (NYSE:ORCL)

Parisi Gray Wealth Management lessened its stake in Oracle Co. (NYSE:ORCL) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,510 shares of the enterprise software provider’s stock after selling 146 shares during the quarter. Parisi Gray Wealth Management’s holdings in Oracle were worth $2,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ORCL. State Street Corp raised its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Geode Capital Management LLC raised its stake in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. boosted its stake in Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. Fisher Asset Management LLC boosted its stake in Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after purchasing an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after buying an additional 54,868 shares during the period. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Guggenheim boosted their price objective on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, September 16th. Finally, Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Trading Down 0.5 %

Shares of NYSE ORCL traded down $0.77 during midday trading on Monday, hitting $153.73. 8,328,626 shares of the company traded hands, compared to its average volume of 7,901,509. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a 12-month low of $105.42 and a 12-month high of $198.31. The stock has a 50-day moving average price of $177.62 and a 200 day moving average price of $161.04. The firm has a market cap of $429.98 billion, a P/E ratio of 37.59, a P/E/G ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. As a group, analysts expect that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.