Lantz Financial LLC Acquires 359 Shares of Oracle Co. (NYSE:ORCL)

Lantz Financial LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,379 shares of the enterprise software provider’s stock after purchasing an additional 359 shares during the period. Lantz Financial LLC’s holdings in Oracle were worth $2,396,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Winch Advisory Services LLC boosted its stake in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC bought a new stake in Oracle during the 3rd quarter valued at $44,000. Avondale Wealth Management purchased a new stake in Oracle during the 3rd quarter valued at $51,000. Friedenthal Financial bought a new stake in Oracle in the 3rd quarter worth $51,000. Finally, Activest Wealth Management increased its position in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ORCL shares. Mizuho increased their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. DA Davidson increased their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler boosted their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 target price for the company. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 1.5 %

Shares of ORCL stock opened at $183.59 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock has a market cap of $513.50 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a 50 day simple moving average of $174.41 and a two-hundred day simple moving average of $162.49.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the company earned $1.34 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

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.