Park Edge Advisors LLC Increases Stock Position in Oracle Co. (NYSE:ORCL)

Park Edge Advisors LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 37.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,843 shares of the enterprise software provider’s stock after purchasing an additional 1,857 shares during the period. Park Edge Advisors LLC’s holdings in Oracle were worth $1,140,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ORCL. Winch Advisory Services LLC boosted its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of Oracle during the 3rd quarter worth $44,000. Avondale Wealth Management acquired a new stake in shares of Oracle during the third quarter worth $51,000. Friedenthal Financial purchased a new stake in shares of Oracle in the third quarter valued at $51,000. Finally, Activest Wealth Management increased its stake in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by company insiders.

Oracle Trading Down 1.5 %

NYSE:ORCL opened at $183.59 on Friday. The firm has a market capitalization of $513.50 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. The business has a 50 day simple moving average of $174.41 and a 200 day simple moving average of $162.49. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the firm posted $1.34 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

Several research firms have commented on ORCL. UBS Group lifted their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. KeyCorp boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Guggenheim upped their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.73.

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.