Retirement Planning Co of New England Inc. Invests $618,000 in Oracle Corporation (NYSE:ORCL)

Retirement Planning Co of New England Inc. acquired a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,422 shares of the enterprise software provider's stock, valued at approximately $618,000.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the fourth quarter valued at $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $33,000. Redmont Wealth Advisors LLC purchased a new position in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the 1st quarter valued at $28,000. Finally, Iron Horse Wealth Management LLC boosted its position in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on ORCL. JMP Securities lifted their price objective on Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a report on Friday. Evercore ISI lifted their price target on shares of Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday. Scotiabank initiated coverage on shares of Oracle in a research note on Thursday. They set a "sector outperform" rating and a $300.00 price objective on the stock. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and raised their price objective for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Finally, Loop Capital set a $135.00 target price on shares of Oracle in a research note on Tuesday, June 10th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $218.29.

Oracle Trading Up 3.2%

Oracle stock opened at $249.06 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $251.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $699.56 billion, a price-to-earnings ratio of 57.39, a P/E/G ratio of 3.61 and a beta of 1.39. The company has a 50 day moving average price of $194.31 and a 200 day moving average price of $168.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. Research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction dated Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 445,366 shares of company stock worth $84,784,653. Insiders own 42.20% of the company's stock.

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.

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