Capasso Planning Partners LLC Takes Position in Oracle Co. (NYSE:ORCL)

Capasso Planning Partners LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) in the third quarter, HoldingsChannel reports. The institutional investor bought 1,213 shares of the enterprise software provider’s stock, valued at approximately $207,000.

Several other large investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Oracle during the 2nd quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter worth approximately $30,000. Reston Wealth Management LLC bought a new position in Oracle in the third quarter valued at approximately $44,000. Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter worth $40,000. Finally, Avondale Wealth Management bought a new stake in shares of Oracle during the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORCL. KeyCorp raised their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. DA Davidson raised their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday. Sanford C. Bernstein increased their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. Finally, TD Cowen lifted their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $183.63.

Oracle Stock Performance

Shares of NYSE ORCL opened at $175.28 on Friday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $198.31. The stock has a 50 day moving average of $180.36 and a 200-day moving average of $155.36. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $490.25 billion, a P/E ratio of 42.86, a P/E/G ratio of 3.32 and a beta of 1.03.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 5.17 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be paid a $0.40 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. Oracle’s payout ratio is 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.