Park Avenue Securities LLC Has $4.85 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Park Avenue Securities LLC boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 19.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,686 shares of the enterprise software provider's stock after buying an additional 5,591 shares during the quarter. Park Avenue Securities LLC's holdings in Oracle were worth $4,849,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McClarren Financial Advisors Inc. raised its position in Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $266,000 after buying an additional 1,069 shares during the last quarter. Cornerstone Advisory LLC raised its position in Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after buying an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. acquired a new stake in Oracle in the 4th quarter valued at approximately $211,000. AFT Forsyth & Company Inc. raised its position in Oracle by 32.7% in the 4th quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider's stock valued at $1,123,000 after buying an additional 1,659 shares during the last quarter. Finally, Certuity LLC raised its position in Oracle by 28.9% in the 4th quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider's stock valued at $1,302,000 after buying an additional 1,753 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

ORCL opened at $174.22 on Monday. The business has a fifty day simple moving average of $147.20 and a 200 day simple moving average of $160.24. The company has a market capitalization of $487.29 billion, a PE ratio of 42.60, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a 1 year low of $118.86 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 earnings per share. Research analysts expect that Oracle Co. will post 5 EPS for the current year.

Insider Activity

In other news, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on ORCL. Cantor Fitzgerald lowered their price target on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. BMO Capital Markets lowered their price target on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 11th. Barclays lowered their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Wall Street Zen lowered Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Evercore ISI lowered their price target on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $174.42.

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.

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