Life Planning Partners Inc Makes New $13.88 Million Investment in Oracle Co. (NYSE:ORCL)

Life Planning Partners Inc purchased a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 83,320 shares of the enterprise software provider's stock, valued at approximately $13,884,000. Oracle makes up approximately 1.9% of Life Planning Partners Inc's holdings, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. R Squared Ltd acquired a new stake in shares of Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC boosted its position 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 buying an additional 87 shares in the last quarter. Synergy Investment Management LLC bought a new stake in Oracle during the fourth quarter worth about $34,000. TFC Financial Management Inc. increased its holdings in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $47,000. Institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent analyst reports. Guggenheim reaffirmed a "buy" rating and set a $220.00 price target on shares of Oracle in a report on Wednesday, March 5th. StockNews.com downgraded shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Westpark Capital assumed coverage on shares of Oracle in a research note on Tuesday. They issued a "buy" rating and a $195.00 target price on the stock. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, Piper Sandler dropped their price objective on Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average target price of $178.65.

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Oracle Stock Up 3.3 %

Shares of NYSE:ORCL traded up $4.71 during midday trading on Wednesday, reaching $146.65. The company had a trading volume of 6,612,171 shares, compared to its average volume of 9,002,662. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The stock has a market cap of $410.17 billion, a PE ratio of 35.86, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business's 50 day moving average price is $162.91 and its 200 day moving average price is $170.02.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the company earned $1.41 EPS. The company's revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.36%. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle's dividend payout ratio is presently 46.95%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The shares were 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 directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is currently owned by company 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.