Park Place Capital Corp Has $179,000 Stock Holdings in Oracle Corporation (NYSE:ORCL)

Park Place Capital Corp increased its holdings in Oracle Corporation (NYSE:ORCL) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,283 shares of the enterprise software provider’s stock after purchasing an additional 90 shares during the period. Park Place Capital Corp’s holdings in Oracle were worth $179,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the first quarter worth approximately $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle during the fourth quarter worth approximately $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several recent analyst reports. Guggenheim raised their price objective on shares of Oracle from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Cantor Fitzgerald dropped their price objective on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Barclays reaffirmed an “overweight” rating and set a $221.00 price objective (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Stifel Nicolaus raised their price target on shares of Oracle from $150.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, June 12th. Finally, KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.67.

Insider Transactions at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider now directly owns 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock valued at $83,395,223 over the last three months. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of ORCL stock opened at $210.16 on Friday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.93. The stock has a market cap of $590.31 billion, a PE ratio of 48.42, a PEG ratio of 3.19 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s 50 day moving average price is $168.42 and its two-hundred day moving average price is $162.36.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. As a group, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s dividend payout ratio is 46.08%.

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.