Investment Partners Asset Management Inc. Has $1.45 Million Stock Position in Oracle Co. (NYSE:ORCL)

Investment Partners Asset Management Inc. boosted its position in shares of Oracle Co. (NYSE:ORCL) by 15.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,698 shares of the enterprise software provider’s stock after purchasing an additional 1,143 shares during the quarter. Oracle comprises 1.1% of Investment Partners Asset Management Inc.’s holdings, making the stock its 22nd biggest position. Investment Partners Asset Management Inc.’s holdings in Oracle were worth $1,449,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Wealth Group Ltd. bought a new position in Oracle during the third quarter worth about $222,000. Exchange Traded Concepts LLC raised its position in shares of Oracle by 157.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock valued at $782,000 after acquiring an additional 2,802 shares during the period. Creative Planning boosted its stake in Oracle by 4.1% during the 3rd quarter. Creative Planning now owns 774,912 shares of the enterprise software provider’s stock worth $132,045,000 after acquiring an additional 30,341 shares during the last quarter. EdgeRock Capital LLC grew its holdings in Oracle by 287.4% during the third quarter. EdgeRock Capital LLC now owns 2,673 shares of the enterprise software provider’s stock valued at $456,000 after purchasing an additional 1,983 shares during the period. Finally, Braun Bostich & Associates Inc. bought a new stake in Oracle in the third quarter valued at approximately $203,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ORCL shares. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Stifel Nicolaus lifted their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Citigroup raised their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, ten have given 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, Oracle has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Down 2.8 %

ORCL stock opened at $172.30 on Thursday. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The company has a market cap of $481.92 billion, a price-to-earnings ratio of 42.13, a P/E/G ratio of 3.39 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. The business has a 50 day moving average price of $169.94 and a two-hundred day moving average price of $165.29.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the business posted $1.34 earnings per share. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. 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 39.12%.

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.