Falcon Wealth Planning Purchases 107 Shares of Oracle Co. (NYSE:ORCL)

Falcon Wealth Planning lifted its position in Oracle Co. (NYSE:ORCL) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,600 shares of the enterprise software provider’s stock after acquiring an additional 107 shares during the period. Falcon Wealth Planning’s holdings in Oracle were worth $433,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its holdings in Oracle by 5.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 18,540 shares of the enterprise software provider’s stock worth $3,090,000 after purchasing an additional 966 shares in the last quarter. Aspire Capital Advisors LLC boosted its holdings in shares of Oracle by 6.5% during the 4th quarter. Aspire Capital Advisors LLC now owns 1,977 shares of the enterprise software provider’s stock valued at $329,000 after buying an additional 121 shares in the last quarter. Stonegate Investment Group LLC grew its position in shares of Oracle by 0.3% in the 4th quarter. Stonegate Investment Group LLC now owns 92,221 shares of the enterprise software provider’s stock worth $15,368,000 after buying an additional 282 shares during the period. Prospect Financial Services LLC purchased a new stake in Oracle in the fourth quarter worth about $209,000. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Oracle by 2.0% during the fourth quarter. Perigon Wealth Management LLC now owns 28,583 shares of the enterprise software provider’s stock valued at $4,560,000 after purchasing an additional 549 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 3.7 %

Shares of Oracle stock opened at $164.12 on Wednesday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $459.04 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 3.62 and a beta of 1.06. The firm’s 50-day moving average is $173.85 and its two-hundred day moving average is $162.89.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. As a group, research analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Cantor Fitzgerald initiated coverage on shares of Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 price objective for the company. Stifel Nicolaus upped their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. KeyCorp lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, 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, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by insiders.

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.