Legacy Capital Wealth Partners LLC Buys 947 Shares of Oracle Co. (NYSE:ORCL)

Legacy Capital Wealth Partners LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 36.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,529 shares of the enterprise software provider’s stock after acquiring an additional 947 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Oracle were worth $372,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ORCL. Wellington Management Group LLP increased its position in shares of Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after acquiring an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. increased its holdings in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Oracle by 313.4% in the fourth quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock worth $186,255,000 after purchasing an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Oracle by 26,602.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock valued at $132,794,000 after buying an additional 1,254,833 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Oracle by 35.2% in the 3rd quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock valued at $331,221,000 after buying an additional 825,030 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 2.0 %

ORCL opened at $117.21 on Monday. The firm has a market capitalization of $322.15 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The company has a fifty day moving average price of $119.42 and a 200-day moving average price of $113.16. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. Equities research analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. HSBC lifted their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. The Goldman Sachs Group lifted their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. Finally, Piper Sandler decreased their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $130.76.

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.