Parallel Advisors LLC Has $1.77 Million Stake in Oracle Co. (NYSE:ORCL)

Parallel Advisors LLC raised its position in shares of Oracle Co. (NYSE:ORCL) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,991 shares of the enterprise software provider’s stock after purchasing an additional 2,590 shares during the quarter. Parallel Advisors LLC’s holdings in Oracle were worth $1,772,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Investors Research Corp acquired a new position in Oracle during the first quarter worth $30,000. Massey Quick Simon & CO. LLC lifted its stake in Oracle by 220.9% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after purchasing an additional 413 shares in the last quarter. Covenant Multifamily Offices LLC acquired a new stake in shares of Oracle in the first quarter valued at $35,000. Riverview Trust Co acquired a new stake in shares of Oracle in the fourth quarter valued at $35,000. Finally, Truehand Inc acquired a new stake in shares of Oracle in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 54.40% of the company’s stock.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $54.50, for a total value of $204,375.00. Following the completion of the transaction, the director now owns 27,969 shares in the company, valued at approximately $1,524,310.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mark V. Hurd sold 787,500 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $56.29, for a total transaction of $44,328,375.00. Following the completion of the transaction, the chief executive officer now owns 874,871 shares of the company’s stock, valued at $49,246,488.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,870,000 shares of company stock valued at $104,437,950. Insiders own 32.00% of the company’s stock.

ORCL has been the topic of several analyst reports. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Nomura restated a “reduce” rating and issued a $42.00 price target (down from $53.00) on shares of Oracle in a research note on Monday, March 11th. Credit Suisse Group set a $60.00 price target on Oracle and gave the company a “buy” rating in a research note on Monday, March 11th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $53.00 price target on shares of Oracle in a research note on Wednesday, March 13th. Finally, BMO Capital Markets lowered Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 price objective on the stock. in a report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have issued a buy rating to the company’s stock. Oracle currently has a consensus rating of “Hold” and a consensus price target of $54.58.

Shares of NYSE ORCL traded up $1.04 during trading on Monday, hitting $58.01. 20,411,311 shares of the company traded hands, compared to its average volume of 14,585,382. The stock has a 50-day moving average of $53.96. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $58.09. The company has a market cap of $190.04 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.66 and a beta of 1.15.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. On average, research analysts predict that Oracle Co. will post 3.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, July 16th. Oracle’s dividend payout ratio is presently 30.38%.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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