Parvin Asset Management LLC Invests $962,000 in Oracle Co. (NYSE:ORCL)

Parvin Asset Management LLC bought a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,770 shares of the enterprise software provider's stock, valued at approximately $962,000. Oracle comprises approximately 1.0% of Parvin Asset Management LLC's investment portfolio, making the stock its 25th largest position.

Other large investors have also recently modified their holdings of the company. Requisite Capital Management LLC boosted its stake in shares of Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after purchasing an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its position in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares in the last quarter. McLean Asset Management Corp grew its stake in shares of Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after buying an additional 61 shares during the last quarter. Warther Private Wealth LLC increased its holdings in shares of Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after buying an additional 63 shares in the last quarter. Finally, Howard Bailey Securities LLC lifted its stake in shares of Oracle by 2.9% in the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock valued at $379,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This trade represents a 7.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Up 3.4 %

Shares of NYSE ORCL traded up $4.78 during trading on Thursday, hitting $145.50. The stock had a trading volume of 11,516,458 shares, compared to its average volume of 9,399,270. The firm has a fifty day moving average of $143.97 and a two-hundred day moving average of $164.06. The company has a market capitalization of $406.95 billion, a PE ratio of 35.57, a PEG ratio of 3.46 and a beta of 1.22. Oracle Co. has a 12 month low of $114.26 and a 12 month 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 announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio is currently 46.95%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. KeyCorp reaffirmed an "overweight" rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Stifel Nicolaus dropped their price objective on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Evercore ISI reduced their target price on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. JMP Securities reaffirmed a "market outperform" rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Finally, StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Fourteen 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 company. According to data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and an average target price 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.