Decker Retirement Planning Inc. Acquires Shares of 2,902 Oracle Co. (NYSE:ORCL)

Decker Retirement Planning Inc. bought a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, Holdings Channel.com reports. The firm bought 2,902 shares of the enterprise software provider’s stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quest Partners LLC purchased a new position in shares of Oracle in the second quarter valued at $40,000. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Oracle by 6.7% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 33,689 shares of the enterprise software provider’s stock worth $4,757,000 after buying an additional 2,103 shares in the last quarter. Waterloo Capital L.P. boosted its stake in Oracle by 6.1% during the second quarter. Waterloo Capital L.P. now owns 8,934 shares of the enterprise software provider’s stock valued at $1,261,000 after buying an additional 510 shares during the period. LJI Wealth Management LLC raised its holdings in shares of Oracle by 201.7% in the 2nd quarter. LJI Wealth Management LLC now owns 4,858 shares of the enterprise software provider’s stock valued at $686,000 after acquiring an additional 3,248 shares in the last quarter. Finally, WCG Wealth Advisors LLC grew its holdings in shares of Oracle by 26.9% during the second quarter. WCG Wealth Advisors LLC now owns 56,602 shares of the enterprise software provider’s stock worth $7,992,000 after purchasing an additional 12,014 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. Cantor Fitzgerald started coverage on shares of Oracle in a report on Friday. They issued an “overweight” rating and a $214.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 target price on shares of Oracle in a report on Tuesday, December 10th. Finally, Sanford C. Bernstein lifted their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of NYSE:ORCL opened at $159.73 on Friday. The firm has a market cap of $446.76 billion, a price-to-earnings ratio of 39.05, a P/E/G ratio of 3.03 and a beta of 1.06. Oracle Co. has a fifty-two week low of $105.68 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day moving average price of $176.53 and a 200 day moving average price of $161.22.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. As a group, sell-side analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

About Oracle

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.