1,627 Shares in Oracle Co. (NYSE:ORCL) Bought by LifeSteps Financial Inc.

LifeSteps Financial Inc. acquired a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,627 shares of the enterprise software provider's stock, valued at approximately $271,000.

Several other large investors have also recently made changes to their positions in ORCL. International Assets Investment Management LLC boosted its stake in Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. State Street Corp grew its stake in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Jennison Associates LLC increased its holdings in Oracle by 279.7% in the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider's stock worth $201,759,000 after acquiring an additional 891,842 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after acquiring an additional 885,041 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. Mizuho boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. DA Davidson upped their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Guggenheim increased their price objective on Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Cantor Fitzgerald initiated coverage on Oracle in a research report on Friday, January 17th. They set an "overweight" rating and a $214.00 target price for the company. Finally, JMP Securities reiterated a "market outperform" rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Trading Down 4.6 %

Oracle stock opened at $167.92 on Friday. 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 $109.66 and a 12-month high of $198.31. The firm has a market capitalization of $469.66 billion, a price-to-earnings ratio of 41.06, a P/E/G ratio of 3.46 and a beta of 1.05. The firm has a 50 day moving average of $168.99 and a 200 day moving average of $167.02.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the company posted $1.34 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle's payout ratio is 39.12%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 42.20% of the company's stock.

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.

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