Phillips Wealth Planners LLC Has $1.07 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Phillips Wealth Planners LLC lowered its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,946 shares of the enterprise software provider’s stock after selling 950 shares during the quarter. Oracle makes up approximately 1.1% of Phillips Wealth Planners LLC’s holdings, making the stock its 21st biggest holding. Phillips Wealth Planners LLC’s holdings in Oracle were worth $1,073,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Oracle during the 3rd quarter worth about $44,000. Avondale Wealth Management bought a new position in shares of Oracle in the 3rd quarter valued at about $51,000. Friedenthal Financial acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $51,000. Finally, Activest Wealth Management grew its position in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ORCL shares. BMO Capital Markets lifted their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Citigroup lifted their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Read Our Latest Research Report on ORCL

Oracle Price Performance

NYSE ORCL opened at $184.18 on Thursday. The company has a quick ratio of 0.81, a current 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 company has a market capitalization of $515.14 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The firm’s 50 day moving average is $174.54 and its 200-day moving average is $161.90.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business 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%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $1.34 earnings per share. Equities research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Oracle Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLFree Report).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.