Ignite Planners LLC Has $522,000 Stake in Oracle Co. (NYSE:ORCL)

Ignite Planners LLC grew its position in Oracle Co. (NYSE:ORCL) by 20.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,065 shares of the enterprise software provider’s stock after acquiring an additional 515 shares during the quarter. Ignite Planners LLC’s holdings in Oracle were worth $522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Westend Capital Management LLC bought a new stake in shares of Oracle in the first quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in shares of Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the second quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the second quarter valued at about $35,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Oracle in the first quarter valued at about $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. DA Davidson boosted their price target on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Citigroup boosted their price target on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Mizuho boosted their price target on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI boosted their price target on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.42.

Insider Transactions at Oracle

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction 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 approximately $164,630,281,802.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were 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 in the company, valued at approximately $8,010,030.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on 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 sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,146,320 shares of company stock worth $164,762,400. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Up 2.6 %

NYSE ORCL opened at $174.43 on Wednesday. The business has a fifty day moving average price of $148.47 and a two-hundred day moving average price of $135.53. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $174.64. The stock has a market capitalization of $483.36 billion, a PE ratio of 47.02, a PEG ratio of 3.09 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is presently 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.