Consolidated Planning Corp Sells 4,715 Shares of Oracle Co. (NYSE:ORCL)

Consolidated Planning Corp reduced its position in Oracle Co. (NYSE:ORCL) by 59.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,278 shares of the enterprise software provider’s stock after selling 4,715 shares during the quarter. Consolidated Planning Corp’s holdings in Oracle were worth $559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Janus Henderson Group PLC grew its holdings in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. PineStone Asset Management Inc. grew its stake in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after buying an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Oracle by 97.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after buying an additional 2,093,893 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd lifted its holdings in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after acquiring an additional 1,526,500 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

ORCL stock opened at $189.29 on Friday. 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 1 year low of $99.26 and a 1 year high of $190.16. The firm has a 50-day moving average of $167.47 and a 200 day moving average of $144.10. The company has a market cap of $524.53 billion, a P/E ratio of 48.79, a PEG ratio of 3.34 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during 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 revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. On average, sell-side 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, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. Oracle’s payout ratio is 41.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Stifel Nicolaus increased their target price on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Barclays increased their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Citigroup boosted their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. KeyCorp increased their price target on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, JMP Securities boosted their price objective on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $168.52.

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.