Parcion Private Wealth LLC Trims Stake in Oracle Co. (NYSE:ORCL)

Parcion Private Wealth LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,481 shares of the enterprise software provider’s stock after selling 1,145 shares during the quarter. Oracle comprises about 0.8% of Parcion Private Wealth LLC’s investment portfolio, making the stock its 24th biggest holding. Parcion Private Wealth LLC’s holdings in Oracle were worth $9,246,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Westend Capital Management LLC purchased a new position in Oracle in the 1st quarter worth approximately $25,000. Tidemark LLC bought a new stake in Oracle during the 4th quarter valued at approximately $29,000. Nordwand Advisors LLC purchased a new position in shares of Oracle in the fourth quarter worth $30,000. Frank Rimerman Advisors LLC purchased a new stake in Oracle in the 4th quarter worth $30,000. Finally, POM Investment Strategies LLC purchased a new stake in shares of Oracle in the second quarter worth about $30,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oracle news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ORCL has been the topic of several recent research reports. Guggenheim restated a “buy” rating and set a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. JPMorgan Chase & Co. boosted their price objective on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft increased their price target on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Mizuho increased their price objective on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, Bank of America lifted their target price on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $0.80 during midday trading on Friday, reaching $141.81. The company’s stock had a trading volume of 11,154,796 shares, compared to its average volume of 8,056,655. The stock has a fifty day moving average of $138.72 and a 200 day moving average of $128.33. The firm has a market capitalization of $390.81 billion, a PE ratio of 38.22, a P/E/G ratio of 2.55 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the business earned $1.35 EPS. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

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.