Decker Retirement Planning Inc. Buys New Position in Oracle Corporation $ORCL

Decker Retirement Planning Inc. purchased a new position in shares of Oracle Corporation (NYSE:ORCLFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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. Swiss National Bank raised its position in shares of Oracle by 7.6% during the 2nd quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock worth $1,113,526,000 after purchasing an additional 360,000 shares during the last quarter. Patton Fund Management Inc. increased its position in Oracle by 626.1% during the third quarter. Patton Fund Management Inc. now owns 11,537 shares of the enterprise software provider’s stock worth $3,245,000 after buying an additional 9,948 shares in the last quarter. Private Wealth Asset Management LLC increased its position in Oracle by 9.2% during the second quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock worth $835,000 after buying an additional 321 shares in the last quarter. Soltis Investment Advisors LLC raised its holdings in shares of Oracle by 4.8% in the second quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock worth $7,201,000 after acquiring an additional 1,515 shares during the last quarter. Finally, Cascade Investment Group Inc. purchased a new stake in shares of Oracle in the second quarter valued at $239,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Oracle

Here are the key news stories impacting Oracle this week:

Oracle Stock Performance

NYSE:ORCL opened at $204.69 on Tuesday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm’s 50 day moving average is $207.33 and its two-hundred day moving average is $242.25. The company has a market cap of $588.11 billion, a P/E ratio of 38.48, a P/E/G ratio of 1.76 and a beta of 1.65. 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 (NYSE:ORCLGet Free Report) last released its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. The business had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS. Analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s payout ratio is currently 37.59%.

Insiders Place Their Bets

In other Oracle news, Director Jeffrey Berg sold 49,365 shares of Oracle stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the transaction, the director directly owned 151,999 shares of the company’s stock, valued at $43,018,756.98. The trade was a 24.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,223 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $196.61, for a total transaction of $437,064.03. Following the sale, the director owned 25,596 shares of the company’s stock, valued at approximately $5,032,429.56. This represents a 7.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 126,588 shares of company stock worth $33,155,596. 40.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ORCL shares. Berenberg Bank increased 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. Stifel Nicolaus decreased their price target on shares of Oracle from $350.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Citigroup reissued a “market outperform” rating on shares of Oracle in a research report on Wednesday, December 17th. Sanford C. Bernstein reduced their price objective on shares of Oracle from $364.00 to $339.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research note on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $305.50.

Check Out Our Latest Analysis on Oracle

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

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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