Financial Life Planners Takes Position in Oracle Co. (NYSE:ORCL)

Financial Life Planners bought a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,452 shares of the enterprise software provider’s stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Principal Financial Group Inc. lifted its position in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares in the last quarter. RMR Wealth Builders boosted its position in shares of Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after buying an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after buying an additional 32,718 shares in the last quarter. Crews Bank & Trust purchased a new stake in Oracle in the 4th quarter valued at $1,800,000. Finally, Chase Investment Counsel Corp purchased a new position in Oracle during the 3rd quarter worth $4,160,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $169.91 on Monday. The firm has a 50 day moving average of $171.89 and a 200-day moving average of $163.58. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $475.24 billion, a P/E ratio of 41.54, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 net margin of 21.16% and a return on equity of 133.25%. 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 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Saturday. Piper Sandler lifted their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus lifted their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.