Parcion Private Wealth LLC Sells 3,252 Shares of Oracle Co. (NYSE:ORCL)

Parcion Private Wealth LLC cut its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,640 shares of the enterprise software provider's stock after selling 3,252 shares during the period. Oracle makes up approximately 0.8% of Parcion Private Wealth LLC's investment portfolio, making the stock its 29th largest position. Parcion Private Wealth LLC's holdings in Oracle were worth $10,438,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Group Ltd. acquired a new stake in shares of Oracle during the 3rd quarter worth $222,000. Howard Capital Management Group LLC grew its stake in Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock worth $1,366,000 after buying an additional 883 shares in the last quarter. Stanley Laman Group Ltd. increased its holdings in Oracle by 43.5% in the 3rd quarter. Stanley Laman Group Ltd. now owns 2,582 shares of the enterprise software provider's stock valued at $440,000 after buying an additional 783 shares during the period. Tempus Wealth Planning LLC raised its position in shares of Oracle by 3.1% in the 3rd quarter. Tempus Wealth Planning LLC now owns 12,931 shares of the enterprise software provider's stock valued at $2,203,000 after buying an additional 391 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its position in shares of Oracle by 3.5% during the 3rd quarter. BLB&B Advisors LLC now owns 6,655 shares of the enterprise software provider's stock worth $1,134,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ORCL shares. Mizuho boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. UBS Group upped their price objective on Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. DA Davidson lifted their target price on Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. BNP Paribas raised Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, Cantor Fitzgerald initiated coverage on shares of Oracle in a research note on Friday, January 17th. They issued an "overweight" rating and a $214.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.73.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is currently owned by company insiders.

Oracle Trading Down 4.6 %

NYSE ORCL traded down $8.08 during mid-day trading on Friday, reaching $167.92. 7,844,019 shares of the stock were exchanged, compared to its average volume of 12,044,818. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $469.66 billion, a P/E ratio of 41.06, a P/E/G ratio of 3.57 and a beta of 1.05. The stock has a 50 day simple moving average of $169.10 and a 200-day simple moving average of $166.74. Oracle Co. has a one year low of $109.66 and a one year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the business posted $1.34 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio (DPR) is 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.