Lakeshore Financial Planning Inc. Buys 115 Shares of Oracle Co. (NYSE:ORCL)

Lakeshore Financial Planning Inc. increased its stake in shares of Oracle Co. (NYSE:ORCL) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,012 shares of the enterprise software provider’s stock after acquiring an additional 115 shares during the quarter. Lakeshore Financial Planning Inc.’s holdings in Oracle were worth $335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd acquired a new position in Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new position in Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. raised its holdings in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in Oracle during the fourth quarter worth $47,000. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL opened at $152.78 on Friday. The company has a 50 day moving average of $164.90 and a 200 day moving average of $169.77. The stock has a market cap of $427.31 billion, a P/E ratio of 37.35, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.31%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on ORCL shares. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Evercore ISI lowered their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group increased their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.20.

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.