Park Square Financial Group LLC Purchases New Position in Oracle Co. (NYSE:ORCL)

Park Square Financial Group LLC purchased a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,719 shares of the enterprise software provider's stock, valued at approximately $286,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Oracle in the 4th quarter valued at about $216,047,000. Brucke Financial Inc. acquired a new position in Oracle in the 4th quarter valued at about $829,000. REAP Financial Group LLC increased its position in Oracle by 12.1% in the 4th quarter. REAP Financial Group LLC now owns 1,003 shares of the enterprise software provider's stock valued at $167,000 after acquiring an additional 108 shares during the period. Bernard Wealth Management Corp. acquired a new position in Oracle in the 4th quarter valued at about $719,000. Finally, Carolinas Wealth Consulting LLC increased its position in Oracle by 10.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 1,228 shares of the enterprise software provider's stock worth $205,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 in the last ninety days. Insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ORCL shares. Guggenheim reiterated a "buy" rating and set a $220.00 target price on shares of Oracle in a research report on Thursday, April 3rd. Stifel Nicolaus dropped their target price on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. DA Davidson dropped their target price on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group dropped their target price on Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $174.42.

Oracle Price Performance

ORCL stock traded up $5.87 on Tuesday, reaching $161.84. The company had a trading volume of 6,969,407 shares, compared to its average volume of 9,499,682. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company's fifty day moving average is $143.94 and its 200 day moving average is $161.60. The company has a market cap of $452.66 billion, a P/E ratio of 39.57, a PEG ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio is presently 46.95%.

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.