Asset Planning Inc Invests $118,000 in Oracle Co. (NYSE:ORCL)

Asset Planning Inc purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 705 shares of the enterprise software provider’s stock, valued at approximately $118,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Oracle during the 4th quarter valued at $25,000. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the period. TFC Financial Management Inc. raised its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares during the period. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter valued at $44,000. Finally, Synergy Asset Management LLC purchased a new stake in Oracle during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. DA Davidson upped their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Citigroup upped their price objective on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group upped their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Up 1.1 %

Oracle stock opened at $174.08 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a market capitalization of $486.89 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The stock has a 50-day moving average price of $169.94 and a 200 day moving average price of $165.29.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

Oracle Company 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.