Spartan Planning & Wealth Management Takes Position in Oracle Co. (NYSE:ORCL)

Spartan Planning & Wealth Management acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,299 shares of the enterprise software provider’s stock, valued at approximately $550,000.

Other large investors have also recently added to or reduced their stakes in the company. Diversified Trust Co increased its position in Oracle by 34.3% during the fourth quarter. Diversified Trust Co now owns 36,311 shares of the enterprise software provider’s stock worth $6,051,000 after buying an additional 9,271 shares during the last quarter. Canandaigua National Bank & Trust Co. lifted its position in Oracle by 2.2% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 75,417 shares of the enterprise software provider’s stock worth $12,567,000 after purchasing an additional 1,605 shares during the period. Kozak & Associates Inc. boosted its position in shares of Oracle by 5.5% during the 4th quarter. Kozak & Associates Inc. now owns 1,564 shares of the enterprise software provider’s stock worth $260,000 after acquiring an additional 82 shares in the last quarter. Neville Rodie & Shaw Inc. boosted its holdings in shares of Oracle by 3.0% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 173,290 shares of the enterprise software provider’s stock valued at $28,877,000 after purchasing an additional 5,084 shares in the last quarter. Finally, Burkett Financial Services LLC lifted its holdings in shares of Oracle by 23.9% in the fourth quarter. Burkett Financial Services LLC now owns 1,328 shares of the enterprise software provider’s stock worth $221,000 after acquiring an additional 256 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research reports. TD Cowen increased their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research note on Friday, December 20th. Morgan Stanley boosted their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Finally, Evercore ISI upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Trading Down 1.8 %

Oracle stock traded down $2.91 during mid-day trading on Tuesday, reaching $162.78. 3,760,078 shares of the company traded hands, compared to its average volume of 5,411,683. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a 52-week low of $102.13 and a 52-week high of $198.31. The firm has a market capitalization of $455.29 billion, a price-to-earnings ratio of 39.80, a P/E/G ratio of 3.39 and a beta of 1.06. The firm’s 50 day moving average price is $178.48 and its 200 day moving average price is $160.45.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the company earned $1.34 earnings per share. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be paid a $0.40 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.98%. Oracle’s payout ratio is 39.12%.

Oracle Company 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.