Spartan Planning & Wealth Management Buys Shares of 3,299 Oracle Co. (NYSE:ORCL)

Spartan Planning & Wealth Management purchased a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,299 shares of the enterprise software provider’s stock, valued at approximately $550,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new stake in shares of Oracle during the second quarter valued at approximately $132,000. Acadian Asset Management LLC increased its holdings in shares of Oracle by 2.7% in the 2nd quarter. Acadian Asset Management LLC now owns 147,204 shares of the enterprise software provider’s stock worth $20,776,000 after purchasing an additional 3,912 shares in the last quarter. Anchor Capital Advisors LLC raised its stake in shares of Oracle by 29.9% in the second quarter. Anchor Capital Advisors LLC now owns 6,075 shares of the enterprise software provider’s stock worth $858,000 after purchasing an additional 1,400 shares during the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of Oracle by 1.6% during the second quarter. Ausdal Financial Partners Inc. now owns 9,530 shares of the enterprise software provider’s stock valued at $1,346,000 after buying an additional 149 shares during the last quarter. Finally, Mount Lucas Management LP bought a new stake in Oracle in the 2nd quarter worth about $164,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ORCL. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. TD Cowen raised their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Guggenheim boosted their price objective on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. DA Davidson raised their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Down 1.8 %

NYSE ORCL traded down $2.91 during trading on Tuesday, reaching $162.78. 3,760,078 shares of the company’s stock traded hands, compared to its average volume of 5,411,683. The company’s 50 day simple moving average is $178.48 and its two-hundred day simple moving average is $160.45. Oracle Co. has a 12-month low of $102.13 and a 12-month high of $198.31. The firm has a market cap of $455.29 billion, a price-to-earnings ratio of 39.80, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be paid a $0.40 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.98%. Oracle’s dividend payout ratio (DPR) is presently 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.