Quantum Financial Planning Services Inc. Purchases New Shares in Oracle Co. (NYSE:ORCL)

Quantum Financial Planning Services Inc. purchased a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,530 shares of the enterprise software provider's stock, valued at approximately $422,000. Oracle makes up about 0.2% of Quantum Financial Planning Services Inc.'s portfolio, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Activest Wealth Management lifted its position in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC lifted its position in Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after buying an additional 58 shares in the last quarter. Cadence Bank boosted its stake in shares of Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock valued at $1,296,000 after buying an additional 59 shares during the period. Requisite Capital Management LLC grew its holdings in shares of Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after acquiring an additional 60 shares in the last quarter. Finally, McLean Asset Management Corp increased its stake in shares of Oracle by 1.1% in the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ORCL shares. Stifel Nicolaus lifted their price objective on Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Piper Sandler lifted their price target on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. BMO Capital Markets increased their price objective on Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a report on Tuesday, December 10th. Evercore ISI lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Finally, Monness Crespi & Hardt downgraded shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 target price for the company. in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Stock Performance

Shares of ORCL stock traded down $1.46 during mid-day trading on Monday, reaching $168.60. The stock had a trading volume of 8,221,592 shares, compared to its average volume of 14,607,355. The firm has a market cap of $471.57 billion, a PE ratio of 41.22, a P/E/G ratio of 3.35 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The firm's 50 day simple moving average is $171.89 and its 200 day simple moving average is $163.58.

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

Oracle Dividend Announcement

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

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.