Ignite Planners LLC Has $481,000 Position in Oracle Co. (NYSE:ORCL)

Ignite Planners LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 5.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,890 shares of the enterprise software provider’s stock after selling 175 shares during the period. Ignite Planners LLC’s holdings in Oracle were worth $481,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new position in shares of Oracle in the second quarter valued at about $27,000. Reston Wealth Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth approximately $44,000. Quest Partners LLC acquired a new position in shares of Oracle during the 2nd quarter worth approximately $40,000. Avondale Wealth Management bought a new position in shares of Oracle during the third quarter worth approximately $51,000. Finally, Friedenthal Financial acquired a new stake in shares of Oracle in the third quarter valued at approximately $51,000. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ORCL. KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Guggenheim raised their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. UBS Group raised their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Piper Sandler upped their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Performance

NYSE ORCL opened at $153.73 on Tuesday. The company has a market capitalization of $429.98 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31. The stock has a fifty day simple moving average of $177.30 and a 200 day simple moving average of $161.13. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly 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). The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 EPS. Sell-side analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 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.