83,320 Shares in Oracle Co. (NYSE:ORCL) Acquired by Life Planning Partners Inc

Life Planning Partners Inc bought a new stake in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 83,320 shares of the enterprise software provider’s stock, valued at approximately $13,884,000. Oracle makes up about 1.9% of Life Planning Partners Inc’s portfolio, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. R Squared Ltd purchased a new position in Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% in 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 in the last quarter. Synergy Investment Management LLC purchased a new position in shares of Oracle in the 4th quarter worth approximately $34,000. TFC Financial Management Inc. lifted its position in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $47,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction 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. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $140.75 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 $112.78 and a 52 week high of $198.31. The stock’s 50-day moving average price is $163.94 and its 200-day moving average price is $170.22. The stock has a market capitalization of $393.67 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

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 business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 earnings per share. As a group, equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. Oracle’s dividend payout ratio is currently 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several analyst reports. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Stephens assumed coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price objective for the company. Finally, Evercore ISI dropped their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.20.

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.