Ignite Planners LLC Has $328,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Ignite Planners LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 5.8% in the second quarter, HoldingsChannel.com reports. The firm owned 2,860 shares of the enterprise software provider’s stock after purchasing an additional 156 shares during the quarter. Ignite Planners LLC’s holdings in Oracle were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Clear Investment Research LLC bought a new position in Oracle in the 4th quarter valued at approximately $25,000. NewSquare Capital LLC raised its stake in shares of Oracle by 843.3% during the first quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 253 shares during the last quarter. Steward Financial Group LLC acquired a new position in shares of Oracle during the fourth quarter worth $27,000. Quintet Private Bank Europe S.A. acquired a new stake in Oracle in the first quarter valued at $30,000. Finally, Altshuler Shaham Ltd bought a new position in Oracle during the 1st quarter worth $32,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Down 1.5 %

Shares of Oracle stock opened at $112.22 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 29.72. Oracle Co. has a twelve month low of $60.78 and a twelve month high of $127.54. The company has a market cap of $307.46 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 2.98 and a beta of 1.00. The company’s 50 day moving average is $117.28 and its 200 day moving average is $106.40.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.48 billion. Oracle had a negative return on equity of 470.73% and a net margin of 18.40%. Oracle’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. Research analysts anticipate that Oracle Co. will post 4.49 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.43%. Oracle’s dividend payout ratio is 47.62%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. HSBC assumed coverage on shares of Oracle in a research report on Friday. They set a “buy” rating and a $144.00 price target on the stock. Bank of America upped their price target on shares of Oracle from $112.00 to $132.00 in a research note on Tuesday, June 13th. Monness Crespi & Hardt cut shares of Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, September 12th. BMO Capital Markets increased their target price on Oracle from $96.00 to $132.00 in a research note on Tuesday, June 13th. Finally, VNET Group reaffirmed a “maintains” rating on shares of Oracle in a research note on Tuesday, June 13th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.06.

Insider Activity

In other news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $120.95, for a total value of $211,662,500.00. Following the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $138,576,328,095.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Michael J. Boskin sold 90,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $118.83, for a total transaction of $10,694,700.00. Following the completion of the sale, the director now directly owns 87,473 shares of the company’s stock, valued at $10,394,416.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $120.95, for a total transaction of $211,662,500.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $138,576,328,095.35. The disclosure for this sale can be found here. Insiders sold a total of 1,845,000 shares of company stock worth $222,934,550 over the last 90 days. Corporate insiders own 43.70% of the company’s stock.

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.