Parallel Advisors LLC Has $11.17 Million Position in Oracle Co. (NYSE:ORCL)

Parallel Advisors LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,022 shares of the enterprise software provider’s stock after selling 204 shares during the period. Parallel Advisors LLC’s holdings in Oracle were worth $11,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Cibc World Markets Corp increased its holdings in Oracle by 52.3% during the 4th quarter. Cibc World Markets Corp now owns 335,375 shares of the enterprise software provider’s stock worth $55,887,000 after purchasing an additional 115,111 shares in the last quarter. Polen Capital Management LLC raised its holdings in Oracle by 22.3% during the 4th quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock valued at $1,787,003,000 after acquiring an additional 1,955,764 shares during the period. SouthState Corp raised its holdings in Oracle by 0.8% during the 4th quarter. SouthState Corp now owns 164,659 shares of the enterprise software provider’s stock valued at $27,439,000 after acquiring an additional 1,377 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in shares of Oracle by 3.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,753 shares of the enterprise software provider’s stock worth $959,000 after purchasing an additional 189 shares during the period. Finally, GLOBALT Investments LLC GA increased its holdings in shares of Oracle by 52.1% in the fourth quarter. GLOBALT Investments LLC GA now owns 17,767 shares of the enterprise software provider’s stock worth $2,961,000 after purchasing an additional 6,087 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 1.2 %

Shares of ORCL stock opened at $149.36 on Monday. The business’s 50 day moving average is $165.80 and its two-hundred day moving average is $169.85. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The company has a market capitalization of $417.76 billion, a P/E ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 earnings per share. Equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Insider Activity

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. KeyCorp reissued an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Citigroup cut their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Bank of America lowered their target price on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Finally, BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Twelve research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $179.71.

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.