Parkside Financial Bank & Trust Has $2.90 Million Position in Oracle Co. (NYSE:ORCL)

Parkside Financial Bank & Trust cut its stake in shares of Oracle Co. (NYSE:ORCL) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,547 shares of the enterprise software provider’s stock after selling 574 shares during the period. Parkside Financial Bank & Trust’s holdings in Oracle were worth $2,901,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ORCL. Wellington Shields Capital Management LLC increased its position in Oracle by 75.2% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 2,444 shares of the enterprise software provider’s stock worth $345,000 after purchasing an additional 1,049 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of Oracle by 19.6% in the 2nd quarter. Impax Asset Management Group plc now owns 2,272,140 shares of the enterprise software provider’s stock valued at $320,188,000 after buying an additional 371,949 shares in the last quarter. Arizona State Retirement System increased its holdings in Oracle by 1.0% in the second quarter. Arizona State Retirement System now owns 478,086 shares of the enterprise software provider’s stock worth $67,506,000 after buying an additional 4,777 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Oracle by 1.0% in the second quarter. Victory Capital Management Inc. now owns 569,980 shares of the enterprise software provider’s stock valued at $80,481,000 after acquiring an additional 5,396 shares during the last quarter. Finally, Denver PWM LLC grew its position in Oracle by 1.0% in the second quarter. Denver PWM LLC now owns 9,969 shares of the enterprise software provider’s stock worth $1,408,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL stock traded down $0.66 during mid-day trading on Friday, reaching $141.95. The company’s stock had a trading volume of 1,250,443 shares, compared to its average volume of 7,999,133. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The firm’s 50-day moving average is $138.70 and its two-hundred day moving average is $128.12. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The company has a market cap of $391.19 billion, a P/E ratio of 38.44, a PEG ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the company earned $1.35 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ORCL shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. UBS Group increased their price objective on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Argus increased their price target on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Piper Sandler reissued an “overweight” rating and issued a $150.00 price target on shares of Oracle in a research report on Friday, July 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $145.83.

Insiders Place Their Bets

In other news, insider Edward Screven sold 235,918 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the sale, the director now owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock worth $266,776,624 over the last three months. 42.80% of the stock is currently owned by corporate 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.