Park Edge Advisors LLC Grows Holdings in Oracle Co. (NYSE:ORCL)

Park Edge Advisors LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 155.3% in the third quarter, Holdings Channel reports. The firm owned 4,986 shares of the enterprise software provider’s stock after acquiring an additional 3,033 shares during the period. Park Edge Advisors LLC’s holdings in Oracle were worth $850,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares during the period. Capital World Investors grew its position in shares of Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after buying an additional 82,551 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after acquiring an additional 296,866 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Oracle by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after acquiring an additional 424,500 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Evercore ISI boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Royal Bank of Canada started coverage on shares of Oracle in a research note on Wednesday. They issued a “sector perform” rating and a $165.00 price objective for the company. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a report on Monday, September 16th. Bank of America lifted their price target on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Citigroup upped their price objective on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Stock Performance

Shares of Oracle stock traded down $0.86 on Friday, reaching $173.52. 3,674,717 shares of the stock were exchanged, compared to its average volume of 8,360,906. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The business has a 50 day moving average price of $160.15 and a two-hundred day moving average price of $140.31. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $478.20 billion, a price-to-earnings ratio of 46.77, a PEG ratio of 3.23 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the firm earned $0.95 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s payout ratio is currently 43.13%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 42.80% of the company’s stock.

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.