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

Parcion Private Wealth LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 4.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,640 shares of the enterprise software provider’s stock after selling 3,252 shares during the quarter. Oracle makes up about 0.8% of Parcion Private Wealth LLC’s holdings, making the stock its 29th biggest holding. Parcion Private Wealth LLC’s holdings in Oracle were worth $10,438,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORCL. R Squared Ltd purchased a new position in Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the period. TFC Financial Management Inc. lifted its stake in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the period. Reston Wealth Management LLC bought a new stake in Oracle in the third quarter valued at $44,000. Finally, Synergy Asset Management LLC bought a new position in Oracle in the 4th quarter worth $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’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 completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $181.51 on Thursday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $507.68 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 3.54 and a beta of 1.05. The business has a 50-day simple moving average of $169.09 and a two-hundred day simple moving average of $166.67.

Oracle (NYSE:ORCL) 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company earned $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Friday, December 20th. Cantor Fitzgerald started coverage on Oracle in a research report on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price for the company. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Citigroup increased their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.