Oracle Co. (NYSE:ORCL) Shares Acquired by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 52.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 761 shares of the enterprise software provider’s stock after purchasing an additional 261 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Oracle were worth $107,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Westend Capital Management LLC purchased a new stake in Oracle during the 1st quarter worth $25,000. Fairway Wealth LLC purchased a new stake in shares of Oracle in the second quarter worth about $27,000. Tidemark LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $29,000. Frank Rimerman Advisors LLC acquired a new position in Oracle during the 4th quarter worth approximately $30,000. Finally, POM Investment Strategies LLC purchased a new position in Oracle in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Argus lifted their target price on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Guggenheim increased their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Mizuho lifted their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, KeyCorp increased their price objective on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.88.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders sold 1,610,402 shares of company stock valued at $230,556,257 over the last 90 days. 42.80% of the stock is currently owned by corporate insiders.

Oracle Stock Down 1.8 %

ORCL stock opened at $164.49 on Thursday. The stock has a market cap of $453.31 billion, a PE ratio of 44.34, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01. The firm’s 50-day simple moving average is $141.34 and its 200 day simple moving average is $131.19. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $173.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 5.06 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Oracle 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.