IFP Advisors Inc Acquires 2,153 Shares of Oracle Co. (NYSE:ORCL)

IFP Advisors Inc boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.1% during the 4th quarter, Holdings Channel reports. The firm owned 37,667 shares of the enterprise software provider’s stock after buying an additional 2,153 shares during the period. IFP Advisors Inc’s holdings in Oracle were worth $6,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. R Squared Ltd bought a new stake in shares of Oracle during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC raised its position in shares of Oracle by 89.7% during the fourth 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 during the last quarter. TFC Financial Management Inc. increased its holdings in Oracle by 129.0% in the 4th 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. Reston Wealth Management LLC bought a new stake in Oracle in the 3rd quarter valued at $44,000. Finally, Synergy Asset Management LLC bought a new stake in Oracle in the 4th quarter valued at $47,000. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction 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 sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald cut Oracle to an “overweight” rating in a report on Monday, February 10th. KeyCorp lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Guggenheim lifted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Down 4.6 %

Shares of NYSE:ORCL opened at $167.92 on Monday. Oracle Co. has a 52-week low of $109.66 and a 52-week high of $198.31. The stock has a market cap of $469.66 billion, a P/E ratio of 41.06, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. The business’s 50 day moving average is $168.99 and its 200 day moving average is $167.58. 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 (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the company earned $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio 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.