705 Shares in Oracle Co. (NYSE:ORCL) Acquired by Asset Planning Inc

Asset Planning Inc purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, Holdings Channel.com reports. The firm purchased 705 shares of the enterprise software provider’s stock, valued at approximately $118,000.

Several other large investors have also recently made changes to their positions in the company. Vicus Capital increased its position in shares of Oracle by 64.4% during the fourth quarter. Vicus Capital now owns 3,450 shares of the enterprise software provider’s stock worth $575,000 after purchasing an additional 1,352 shares in the last quarter. Banque Pictet & Cie SA purchased a new stake in shares of Oracle during the fourth quarter worth approximately $1,350,000. Palacios Wealth Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth approximately $1,375,000. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Oracle by 1.5% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 16,485 shares of the enterprise software provider’s stock valued at $2,747,000 after buying an additional 241 shares in the last quarter. Finally, Root Financial Partners LLC grew its holdings in Oracle by 79.3% in the 4th quarter. Root Financial Partners LLC now owns 5,579 shares of the enterprise software provider’s stock valued at $930,000 after buying an additional 2,468 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $174.08 on Friday. The stock has a fifty day moving average price of $169.94 and a 200 day moving average price of $165.29. The stock has a market cap of $486.89 billion, a PE ratio of 42.56, a P/E/G ratio of 3.39 and a beta of 1.05. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last issued 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 for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ORCL. Stifel Nicolaus upped their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a report on Friday, December 20th. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley upped their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.