Consolidated Planning Corp Has $690,000 Holdings in Oracle Co. (NYSE:ORCL)

Consolidated Planning Corp lifted its stake in Oracle Co. (NYSE:ORCL) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,543 shares of the enterprise software provider’s stock after purchasing an additional 221 shares during the quarter. Consolidated Planning Corp’s holdings in Oracle were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ORCL. Orion Capital Management LLC acquired a new stake in shares of Oracle during the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Oracle during the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC lifted its stake in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its holdings in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

NYSE ORCL traded up $2.32 during trading hours on Friday, reaching $117.21. 8,355,111 shares of the company’s stock were exchanged, compared to its average volume of 5,810,524. The firm has a fifty day moving average of $119.42 and a 200-day moving average of $113.13. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The stock has a market cap of $322.15 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ORCL shares. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Piper Sandler lowered their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. The Goldman Sachs Group upped their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, Oppenheimer started coverage on Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating on the stock. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 42.80% of the stock is currently owned by corporate insiders.

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.