Creative Planning Cuts Stock Holdings in Oracle Co. (NYSE:ORCL)

Creative Planning decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,068 shares of the enterprise software provider’s stock after selling 4,039 shares during the quarter. Creative Planning’s holdings in Oracle were worth $32,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aspiriant LLC lifted its position in Oracle by 0.7% in the third quarter. Aspiriant LLC now owns 15,310 shares of the enterprise software provider’s stock valued at $1,333,000 after purchasing an additional 106 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in Oracle by 0.5% in the third quarter. Checchi Capital Advisers LLC now owns 23,784 shares of the enterprise software provider’s stock worth $2,072,000 after purchasing an additional 111 shares during the period. Perigon Wealth Management LLC grew its stake in Oracle by 1.5% in the third quarter. Perigon Wealth Management LLC now owns 7,786 shares of the enterprise software provider’s stock worth $678,000 after purchasing an additional 115 shares during the period. Clarkston Capital Partners LLC grew its stake in Oracle by 1.9% in the second quarter. Clarkston Capital Partners LLC now owns 6,259 shares of the enterprise software provider’s stock worth $487,000 after purchasing an additional 116 shares during the period. Finally, Private Ocean LLC grew its stake in Oracle by 2.0% in the third quarter. Private Ocean LLC now owns 6,031 shares of the enterprise software provider’s stock worth $525,000 after purchasing an additional 117 shares during the period. 42.88% of the stock is owned by institutional investors.

In other Oracle news, EVP Dorian Daley sold 20,482 shares of Oracle stock in a transaction on Thursday, December 23rd. The stock was sold at an average price of $89.69, for a total transaction of $1,837,030.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 30,000 shares of Oracle stock in a transaction on Monday, December 27th. The shares were sold at an average price of $89.27, for a total value of $2,678,100.00. The disclosure for this sale can be found here. 43.40% of the stock is currently owned by company insiders.

A number of research firms have recently commented on ORCL. Jefferies Financial Group set a $95.00 target price on Oracle in a research note on Monday, December 20th. Societe Generale increased their target price on Oracle from $88.00 to $103.00 and gave the stock a “hold” rating in a research note on Friday, December 10th. DZ Bank raised Oracle from a “sell” rating to a “hold” rating and set a $105.00 price target on the stock in a report on Wednesday, December 15th. Cowen upped their price target on Oracle from $96.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, December 10th. Finally, JPMorgan Chase & Co. set a $110.00 price target on Oracle in a report on Friday, December 10th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $95.38.

NYSE:ORCL opened at $87.35 on Friday. The firm has a market capitalization of $233.26 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.56 and a beta of 0.80. Oracle Co. has a 1 year low of $59.74 and a 1 year high of $106.34. The business has a 50 day simple moving average of $92.14 and a 200-day simple moving average of $90.57. The company has a debt-to-equity ratio of 12.77, a current ratio of 1.65 and a quick ratio of 1.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 9th. The enterprise software provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.10. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.21 billion. Oracle had a return on equity of 1,087.71% and a net margin of 24.79%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. As a group, analysts expect that Oracle Co. will post 4.07 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has initiated a share buyback plan on Thursday, December 9th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 19th. Investors of record on Friday, January 7th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Thursday, January 6th. Oracle’s dividend payout ratio is currently 37.10%.

About Oracle

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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