WealthPLAN Partners LLC Has $640,000 Holdings in Oracle Co. (NYSE:ORCL)

WealthPLAN Partners LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 22.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,843 shares of the enterprise software provider’s stock after purchasing an additional 693 shares during the quarter. WealthPLAN Partners LLC’s holdings in Oracle were worth $640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC increased its holdings in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. increased its holdings in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after purchasing an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Oracle by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after purchasing an additional 54,868 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. DA Davidson boosted their price target on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Finally, Cantor Fitzgerald assumed coverage on Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Oracle Trading Down 0.2 %

NYSE ORCL opened at $173.50 on Friday. The stock’s 50-day moving average is $169.33 and its 200-day moving average is $165.59. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The firm has a market cap of $485.27 billion, a P/E ratio of 42.42, a P/E/G ratio of 3.39 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) 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.