Capital Planning LLC Grows Stake in Oracle Co. (NYSE:ORCL)

Capital Planning LLC raised its stake in Oracle Co. (NYSE:ORCL) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,727 shares of the enterprise software provider’s stock after acquiring an additional 81 shares during the quarter. Capital Planning LLC’s holdings in Oracle were worth $2,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its stake in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Oracle in the second quarter valued at approximately $40,000. Reston Wealth Management LLC bought a new stake in shares of Oracle in the third quarter valued at approximately $44,000. Avondale Wealth Management bought a new stake in shares of Oracle in the third quarter valued at approximately $51,000. Finally, Friedenthal Financial bought a new stake in shares of Oracle in the third quarter valued at approximately $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on ORCL shares. UBS Group boosted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. KeyCorp upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Citigroup upped their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group upped their target price on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of Oracle stock opened at $159.73 on Friday. Oracle Co. has a 52-week low of $105.68 and a 52-week high of $198.31. The stock has a market capitalization of $446.76 billion, a price-to-earnings ratio of 39.05, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The company has a fifty day moving average of $176.53 and a 200-day moving average of $161.22. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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 analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company posted $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.00%. Oracle’s payout ratio is currently 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.