Parkside Advisors LLC Grows Stake in Oracle Co. (NYSE:ORCL)

Parkside Advisors LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,865 shares of the enterprise software provider’s stock after buying an additional 100 shares during the period. Parkside Advisors LLC’s holdings in Oracle were worth $644,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Capital Investment Advisors LLC boosted its position in Oracle by 2.2% in the 4th quarter. Capital Investment Advisors LLC now owns 71,055 shares of the enterprise software provider’s stock worth $11,841,000 after purchasing an additional 1,527 shares in the last quarter. Fiduciary Alliance LLC lifted its stake in shares of Oracle by 140.8% in the 4th quarter. Fiduciary Alliance LLC now owns 38,028 shares of the enterprise software provider’s stock valued at $6,337,000 after purchasing an additional 22,238 shares during the period. Aprio Wealth Management LLC boosted its holdings in Oracle by 14.2% during the fourth quarter. Aprio Wealth Management LLC now owns 2,625 shares of the enterprise software provider’s stock worth $437,000 after buying an additional 326 shares in the last quarter. Czech National Bank increased its holdings in Oracle by 7.0% in the fourth quarter. Czech National Bank now owns 348,477 shares of the enterprise software provider’s stock valued at $58,070,000 after buying an additional 22,867 shares in the last quarter. Finally, Graypoint LLC raised its position in shares of Oracle by 3.4% in the fourth quarter. Graypoint LLC now owns 15,760 shares of the enterprise software provider’s stock worth $2,626,000 after acquiring an additional 521 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Down 0.8 %

NYSE ORCL traded down $1.25 during trading hours on Monday, reaching $153.25. The company had a trading volume of 2,957,362 shares, compared to its average volume of 7,104,329. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $428.63 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The stock has a 50-day moving average of $177.62 and a 200 day moving average of $161.04. Oracle Co. has a 1-year low of $105.42 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. As a group, research analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ORCL. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Evercore ISI upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

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.