Park Avenue Securities LLC Acquires 5,352 Shares of Oracle Co. (NYSE:ORCL)

Park Avenue Securities LLC increased its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 22.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,095 shares of the enterprise software provider's stock after buying an additional 5,352 shares during the quarter. Park Avenue Securities LLC's holdings in Oracle were worth $4,848,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ORCL. Quest Partners LLC bought a new stake in Oracle during the second quarter worth about $40,000. Reston Wealth Management LLC acquired a new position in shares of Oracle in the 3rd quarter worth approximately $44,000. Avondale Wealth Management bought a new stake in Oracle during the 3rd quarter worth approximately $51,000. Friedenthal Financial acquired a new stake in Oracle during the 3rd quarter valued at $51,000. Finally, Activest Wealth Management raised its position in Oracle by 21.9% in the 3rd 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. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Up 0.9 %

ORCL traded up $1.51 on Friday, hitting $161.05. 11,593,649 shares of the company were exchanged, compared to its average volume of 8,612,270. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock's fifty day moving average is $176.00 and its 200-day moving average is $161.21. The company has a market cap of $450.44 billion, a PE ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio (DPR) is presently 39.12%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Monness Crespi & Hardt cut Oracle from a "neutral" rating to a "sell" rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. KeyCorp upped their price objective on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Cantor Fitzgerald started coverage on Oracle in a research report on Friday. They set an "overweight" rating and a $214.00 target price for the company. Guggenheim raised their price target on Oracle from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Finally, DA Davidson upped their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $182.73.

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.