PDS Planning Inc Has $2.93 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

PDS Planning Inc boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,580 shares of the enterprise software provider’s stock after buying an additional 1,493 shares during the period. PDS Planning Inc’s holdings in Oracle were worth $2,930,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ORCL. Raymond James Financial Inc. acquired a new position in Oracle during the fourth quarter worth $930,095,000. Polen Capital Management LLC raised its holdings in Oracle by 22.3% during the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock worth $1,787,003,000 after buying an additional 1,955,764 shares during the last quarter. Franklin Resources Inc. raised its holdings in Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. State Street Corp raised its holdings in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Finally, Amundi raised its holdings in shares of Oracle by 15.2% in the fourth quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock valued at $2,012,943,000 after purchasing an additional 1,623,609 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on ORCL shares. KeyCorp reiterated an “overweight” rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. DA Davidson reiterated a “neutral” rating and issued a $150.00 target price on shares of Oracle in a report on Tuesday, March 11th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Bank of America lowered their target price on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Finally, Evercore ISI lowered their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.71.

Oracle Price Performance

ORCL stock opened at $154.01 on Tuesday. The firm has a 50 day moving average of $165.57 and a 200-day moving average of $169.95. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The firm has a market capitalization of $430.76 billion, a P/E ratio of 37.66, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the business posted $1.41 earnings per share. Oracle’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is 46.95%.

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.