Consolidated Planning Corp Sells 116 Shares of Oracle Co. (NYSE:ORCL)

Consolidated Planning Corp reduced its stake in Oracle Co. (NYSE:ORCL) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 3,162 shares of the enterprise software provider’s stock after selling 116 shares during the quarter. Consolidated Planning Corp’s holdings in Oracle were worth $527,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ORCL. R Squared Ltd bought a new stake in Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC increased its stake in Oracle by 89.7% in the 4th 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 during the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle in the 3rd quarter valued at $44,000. Synergy Asset Management LLC acquired a new stake in Oracle in the 4th quarter valued at $47,000. Finally, Friedenthal Financial acquired a new stake in Oracle in the 3rd quarter valued at $51,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 2.8 %

Shares of ORCL opened at $172.30 on Thursday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The firm has a market cap of $481.92 billion, a P/E ratio of 42.13, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The firm’s 50-day simple moving average is $170.25 and its 200 day simple moving average is $165.24. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 previous year, the company earned $1.34 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. Guggenheim lifted their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. KeyCorp lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Mizuho lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Citigroup boosted their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.