Oracle Corporation (NYSE:ORCL) Stake Boosted by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL) by 4.2% during the 1st quarter, HoldingsChannel reports. The fund owned 7,238 shares of the enterprise software provider’s stock after acquiring an additional 292 shares during the period. Oracle accounts for 1.0% of Phillips Wealth Planners LLC’s holdings, making the stock its 28th biggest position. Phillips Wealth Planners LLC’s holdings in Oracle were worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the 1st quarter valued at $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on ORCL. Stifel Nicolaus lifted their price objective on shares of Oracle from $150.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Oppenheimer reissued an “outperform” rating on shares of Oracle in a research report on Wednesday, June 18th. Morgan Stanley reissued an “overweight” rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, JMP Securities set a $240.00 target price on shares of Oracle and gave the stock a “market outperform” rating in a research report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $197.67.

Oracle Stock Performance

NYSE ORCL opened at $210.54 on Thursday. The stock has a market cap of $591.37 billion, a P/E ratio of 48.51, a PEG ratio of 3.23 and a beta of 1.32. The company’s 50-day simple moving average is $165.09 and its 200 day simple moving average is $161.98. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.93. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. As a group, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. Oracle’s payout ratio is currently 46.08%.

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.