Consolidated Planning Corp Purchases 221 Shares of Oracle Co. (NYSE:ORCL)

Consolidated Planning Corp lifted its holdings in Oracle Co. (NYSE:ORCL) by 3.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,543 shares of the enterprise software provider’s stock after acquiring an additional 221 shares during the quarter. Consolidated Planning Corp’s holdings in Oracle were worth $690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP boosted its stake in Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. raised its position in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after buying an additional 7,883,515 shares during the last quarter. DNB Asset Management AS lifted its stake in Oracle by 313.4% during the 4th quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after acquiring an additional 1,339,311 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Oracle by 26,602.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock valued at $132,794,000 after purchasing an additional 1,254,833 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Oracle by 35.2% in the third quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock worth $331,221,000 after purchasing an additional 825,030 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Oracle Trading Up 2.0 %

Shares of ORCL traded up $2.32 during midday trading on Friday, hitting $117.21. The stock had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. The firm has a market cap of $322.15 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The stock’s 50 day moving average is $119.42 and its 200 day moving average is $113.13. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. As a group, analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is 42.22%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle 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.