Parcion Private Wealth LLC Acquires 1,915 Shares of Oracle Corporation (NYSE:ORCL)

Parcion Private Wealth LLC grew its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,555 shares of the enterprise software provider's stock after acquiring an additional 1,915 shares during the period. Parcion Private Wealth LLC's holdings in Oracle were worth $9,025,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Greenwood Gearhart Inc. raised its position in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares during the period. WorthPointe LLC raised its position in shares of Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after purchasing an additional 67 shares during the period. Stage Harbor Financial LLC raised its position in shares of Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after purchasing an additional 68 shares during the period. Prestige Wealth Management Group LLC raised its position in shares of Oracle by 0.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after purchasing an additional 70 shares during the period. Finally, Hurlow Wealth Management Group Inc. raised its position in shares of Oracle by 1.7% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock valued at $691,000 after purchasing an additional 70 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. TD Cowen raised their price objective on shares of Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. JMP Securities set a $240.00 price objective on shares of Oracle and gave the company a "market outperform" rating in a research report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, Oppenheimer restated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus target price of $211.37.

Oracle Price Performance

Shares of NYSE:ORCL traded up $6.29 on Wednesday, reaching $241.25. The company's stock had a trading volume of 12,555,899 shares, compared to its average volume of 10,304,773. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $242.03. The company has a market cap of $677.64 billion, a P/E ratio of 55.59, a PEG ratio of 3.43 and a beta of 1.39. The company has a 50-day simple moving average of $190.49 and a 200 day simple moving average of $167.32. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period last year, the company posted $1.63 EPS. The business's revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.83%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is currently owned by insiders.

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.