Parallel Advisors LLC Has $9.35 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Parallel Advisors LLC lessened its stake in Oracle Co. (NYSE:ORCL) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 66,850 shares of the enterprise software provider’s stock after selling 172 shares during the quarter. Parallel Advisors LLC’s holdings in Oracle were worth $9,350,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Oracle in the 4th quarter valued at approximately $25,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the 4th quarter worth about $30,000. Hurley Capital LLC bought a new position in Oracle during the 4th quarter valued at about $33,000. Synergy Investment Management LLC bought a new position in Oracle during the 4th quarter valued at about $34,000. Finally, TFC Financial Management Inc. lifted its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 0.6%

Shares of NYSE:ORCL opened at $162.92 on Friday. The stock has a market capitalization of $455.67 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 3.46 and a beta of 1.27. 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 50-day simple moving average is $144.32 and its two-hundred day simple moving average is $161.43. Oracle Co. has a 52-week low of $114.55 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the business posted $1.41 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.23%. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock valued at $4,015,723 in the last quarter. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Westpark Capital assumed coverage on shares of Oracle in a research report on Tuesday, April 1st. They set a “buy” rating and a $195.00 price target for the company. Piper Sandler restated a “neutral” rating and set a $130.00 price objective (down previously from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Morgan Stanley decreased their price objective on shares of Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Mizuho cut their price target on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, Jefferies Financial Group cut their price target on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.42.

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.