Falcon Wealth Planning Has $425,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Falcon Wealth Planning increased its stake in Oracle Co. (NYSE:ORCL) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,493 shares of the enterprise software provider’s stock after purchasing an additional 85 shares during the period. Falcon Wealth Planning’s holdings in Oracle were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Crestwood Advisors Group LLC lifted its position in Oracle by 0.7% during the third quarter. Crestwood Advisors Group LLC now owns 183,447 shares of the enterprise software provider’s stock worth $31,259,000 after acquiring an additional 1,226 shares during the last quarter. Arthur M. Cohen & Associates LLC increased its stake in shares of Oracle by 2.7% during the third quarter. Arthur M. Cohen & Associates LLC now owns 7,445 shares of the enterprise software provider’s stock worth $1,245,000 after purchasing an additional 195 shares during the period. Pittenger & Anderson Inc. lifted its holdings in Oracle by 3.8% during the 3rd quarter. Pittenger & Anderson Inc. now owns 27,218 shares of the enterprise software provider’s stock worth $4,638,000 after purchasing an additional 990 shares during the last quarter. Geneva Partners LLC acquired a new position in Oracle in the 3rd quarter valued at $2,421,000. Finally, United Advisor Group LLC bought a new position in Oracle during the 3rd quarter worth $610,000. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL traded up $1.23 during trading on Tuesday, reaching $170.82. 935,024 shares of the company traded hands, compared to its average volume of 8,251,787. The firm has a 50 day simple moving average of $164.04 and a 200-day simple moving average of $142.62. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The stock has a market capitalization of $473.35 billion, a PE ratio of 43.71, a P/E/G ratio of 3.13 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ORCL. JMP Securities lifted their price target on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Bank of America lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday. Stifel Nicolaus boosted their price objective on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, Royal Bank of Canada initiated coverage on shares of Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

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.