Oracle Co. (NYSE:ORCL) Shares Purchased by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI raised its stake in Oracle Co. (NYSE:ORCL) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 130,061 shares of the enterprise software provider’s stock after purchasing an additional 8,360 shares during the quarter. Oracle accounts for 1.2% of Parsons Capital Management Inc. RI’s investment portfolio, making the stock its 14th biggest holding. Parsons Capital Management Inc. RI’s holdings in Oracle were worth $21,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ORCL. Winch Advisory Services LLC lifted its position in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC purchased a new position in shares of Oracle during the 3rd quarter worth approximately $44,000. Avondale Wealth Management purchased a new position in shares of Oracle during the 3rd quarter worth approximately $51,000. Friedenthal Financial acquired a new stake in shares of Oracle in the 3rd quarter valued at approximately $51,000. Finally, Activest Wealth Management boosted its stake in shares of 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 buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of the firm’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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research analyst reports. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Morgan Stanley increased their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Citigroup boosted their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler increased their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Evercore ISI lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

Oracle stock opened at $183.59 on Monday. The stock has a fifty day moving average price of $174.41 and a 200 day moving average price of $162.79. 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 Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The firm has a market capitalization of $513.50 billion, a P/E ratio of 44.89, a PEG ratio of 3.62 and a beta of 1.06.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

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.