Decker Retirement Planning Inc. Acquires Shares of 2,449 Oracle Corporation $ORCL

Decker Retirement Planning Inc. bought a new position in Oracle Corporation (NYSE:ORCLFree Report) in the 3rd quarter, Holdings Channel.com reports. The firm bought 2,449 shares of the enterprise software provider’s stock, valued at approximately $689,000.

Other large investors have also modified their holdings of the company. Kampmann Melissa S. boosted its holdings in Oracle by 0.3% in the 3rd quarter. Kampmann Melissa S. now owns 11,910 shares of the enterprise software provider’s stock worth $3,350,000 after acquiring an additional 35 shares during the period. McLean Asset Management Corp lifted its position in shares of Oracle by 0.7% during the third quarter. McLean Asset Management Corp now owns 5,319 shares of the enterprise software provider’s stock worth $1,551,000 after purchasing an additional 36 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. boosted its stake in shares of Oracle by 0.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 5,281 shares of the enterprise software provider’s stock valued at $1,485,000 after purchasing an additional 36 shares during the period. Voisard Asset Management Group Inc. grew its holdings in Oracle by 3.4% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 1,127 shares of the enterprise software provider’s stock valued at $317,000 after purchasing an additional 37 shares in the last quarter. Finally, Avion Wealth increased its stake in Oracle by 16.6% during the 3rd quarter. Avion Wealth now owns 260 shares of the enterprise software provider’s stock worth $73,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of analyst reports. Mizuho set a $400.00 price objective on shares of Oracle in a research report on Monday, December 15th. William Blair reiterated an “outperform” rating on shares of Oracle in a research note on Friday, October 17th. Berenberg Bank raised their price objective on Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research note on Monday, September 15th. Stephens lifted their price objective on Oracle from $208.00 to $331.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. Finally, Royal Bank Of Canada reduced their target price on Oracle from $250.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $305.50.

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Key Oracle News

Here are the key news stories impacting Oracle this week:

Oracle Trading Up 3.1%

NYSE:ORCL opened at $204.69 on Tuesday. The company has a market cap of $588.11 billion, a PE ratio of 38.48, a P/E/G ratio of 1.76 and a beta of 1.65. The business’s 50 day moving average is $207.33 and its two-hundred day moving average is $242.25. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The business had revenue of $16.06 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same period in the prior year, the company posted $1.47 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s dividend payout ratio is 37.59%.

Insider Buying and Selling

In related news, EVP Maria Smith sold 5,000 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. This represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Hura sold 15,000 shares of Oracle stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $196.89, for a total value of $2,953,350.00. Following the completion of the transaction, the insider owned 234,077 shares of the company’s stock, valued at approximately $46,087,420.53. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 126,588 shares of company stock worth $33,155,596. Company insiders own 40.90% of the company’s stock.

Oracle Company Profile

(Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

Further Reading

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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