PDS Planning Inc Has $2.56 Million Stake in Oracle Corporation (NYSE:ORCL)

PDS Planning Inc grew its position in Oracle Corporation (NYSE:ORCL) by 4.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,286 shares of the enterprise software provider’s stock after buying an additional 706 shares during the quarter. PDS Planning Inc’s holdings in Oracle were worth $2,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. boosted its holdings in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after buying an additional 60 shares in the last quarter. Greenwood Gearhart Inc. lifted its position in Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock valued at $955,000 after acquiring an additional 66 shares during the period. WorthPointe LLC boosted its stake in Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock worth $289,000 after acquiring an additional 67 shares in the last quarter. CORDA Investment Management LLC. grew its holdings in Oracle by 0.9% in the fourth quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider’s stock worth $1,328,000 after purchasing an additional 68 shares during the period. Finally, Stage Harbor Financial LLC increased its stake in shares of Oracle by 5.0% during the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider’s stock valued at $239,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 2.2%

Oracle stock opened at $210.54 on Thursday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.93. The company has a market cap of $591.37 billion, a P/E ratio of 48.51, a P/E/G ratio of 3.23 and a beta of 1.32. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The business has a 50-day simple moving average of $165.09 and a two-hundred day simple moving average of $161.98.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. Analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued 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 dividend payout ratio is currently 46.08%.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider now directly owns 60,722 shares of the company’s stock, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 442,366 shares of company stock worth $83,395,223. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ORCL. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. DA Davidson boosted their target price on Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. UBS Group increased their target price on Oracle from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $130.00 price target on shares of Oracle in a research note on Wednesday, June 11th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.67.

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.