Parkside Advisors LLC Buys 100 Shares of Oracle Co. (NYSE:ORCL)

Parkside Advisors LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,865 shares of the enterprise software provider’s stock after purchasing an additional 100 shares during the period. Parkside Advisors LLC’s holdings in Oracle were worth $644,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Fairway Wealth LLC bought a new position in Oracle during the 2nd quarter valued at approximately $27,000. Reston Wealth Management LLC bought a new position in shares of Oracle during the third quarter valued at approximately $44,000. Quest Partners LLC purchased a new stake in Oracle in the second quarter worth $40,000. Avondale Wealth Management bought a new stake in Oracle in the third quarter valued at $51,000. Finally, Friedenthal Financial purchased a new position in Oracle during the 3rd quarter valued at $51,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Stifel Nicolaus increased their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Citigroup raised their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Price Performance

NYSE:ORCL traded down $1.25 during trading hours on Monday, reaching $153.25. The stock had a trading volume of 2,957,362 shares, compared to its average volume of 7,104,329. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market capitalization of $428.63 billion, a PE ratio of 37.47, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a 52 week low of $105.42 and a 52 week high of $198.31. The company has a 50 day moving average price of $177.62 and a two-hundred day moving average price of $161.04.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. As a group, sell-side analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. Oracle’s dividend payout ratio is currently 39.12%.

About Oracle

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.