1,853 Shares in Oracle Co. (NYSE:ORCL) Bought by Holistic Planning LLC

Holistic Planning LLC acquired a new stake in Oracle Co. (NYSE:ORCL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,853 shares of the enterprise software provider’s stock, valued at approximately $316,000.

Other institutional investors also recently modified their holdings of the company. Eagle Rock Investment Company LLC lifted its stake in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after acquiring an additional 64 shares in the last quarter. W Advisors LLC raised its holdings in shares of Oracle by 3.1% in the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after purchasing an additional 64 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Oracle by 1.7% in the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after purchasing an additional 65 shares during the last quarter. Oak Ridge Investments LLC lifted its position in shares of Oracle by 3.9% during the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after purchasing an additional 65 shares in the last quarter. Finally, Trust Point Inc. boosted its holdings in Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock worth $2,318,000 after purchasing an additional 66 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. 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.

Analyst Ratings Changes

Several equities research analysts have commented on ORCL shares. Guggenheim increased their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Barclays lifted their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. UBS Group reissued a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Piper Sandler raised their target price on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Bank of America boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Trading Up 1.6 %

Shares of ORCL opened at $189.29 on Friday. The business’s 50-day moving average price is $167.47 and its 200-day moving average price is $144.10. 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 Co. has a twelve month low of $99.26 and a twelve month high of $190.16. The stock has a market cap of $524.53 billion, a PE ratio of 48.79, a P/E/G ratio of 3.34 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 EPS. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

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.