Park Capital Management LLC WI Takes Position in Oracle Co. (NYSE:ORCL)

Park Capital Management LLC WI purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, HoldingsChannel reports. The fund purchased 2,009 shares of the enterprise software provider’s stock, valued at approximately $335,000.

Other hedge funds also recently modified their holdings of the company. Wealth Group Ltd. bought a new stake in shares of Oracle during the 3rd quarter worth $222,000. Exchange Traded Concepts LLC boosted its stake in shares of Oracle by 157.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock worth $782,000 after acquiring an additional 2,802 shares in the last quarter. Creative Planning boosted its stake in shares of Oracle by 4.1% during the 3rd quarter. Creative Planning now owns 774,912 shares of the enterprise software provider’s stock worth $132,045,000 after acquiring an additional 30,341 shares in the last quarter. EdgeRock Capital LLC boosted its stake in shares of Oracle by 287.4% during the 3rd quarter. EdgeRock Capital LLC now owns 2,673 shares of the enterprise software provider’s stock worth $456,000 after acquiring an additional 1,983 shares in the last quarter. Finally, Braun Bostich & Associates Inc. bought a new stake in shares of Oracle during the 3rd quarter worth $203,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ORCL. Citigroup raised their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus raised their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. UBS Group raised their target price on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald began 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. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Down 2.8 %

ORCL stock opened at $172.30 on Thursday. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The company has a market cap of $481.92 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The business’s 50-day simple moving average is $170.25 and its 200 day simple moving average is $165.24. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its earnings results 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the business earned $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 5 earnings per share 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 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’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 value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Company 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.