Legacy Advisors LLC Raises Stock Holdings in Oracle Corporation (NYSE:ORCL)

Legacy Advisors LLC boosted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 2.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 12,123 shares of the enterprise software provider’s stock after purchasing an additional 238 shares during the quarter. Legacy Advisors LLC’s holdings in Oracle were worth $1,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rockland Trust Co. increased its holdings in Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock valued at $1,421,000 after buying an additional 467 shares during the last quarter. Cornerstone Advisory LLC grew its position in shares of Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock worth $2,258,000 after acquiring an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. bought a new stake in shares of Oracle in the 4th quarter valued at approximately $211,000. Secure Asset Management LLC increased its holdings in shares of Oracle by 21.8% in the 1st quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider’s stock valued at $1,850,000 after acquiring an additional 2,365 shares during the last quarter. Finally, City National Bank of Florida MSD acquired a new stake in shares of Oracle during the 4th quarter valued at approximately $274,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider now owns 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock worth $83,395,223 in the last 90 days. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $207.08 on Tuesday. The firm has a 50-day moving average price of $161.85 and a 200 day moving average price of $161.26. The firm has a market capitalization of $581.65 billion, a PE ratio of 47.71, a P/E/G ratio of 3.08 and a beta of 1.32. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.60.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 EPS. On average, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.97%. Oracle’s dividend payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ORCL shares. JPMorgan Chase & Co. lifted their price objective on shares of Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Cowen restated a “buy” rating on shares of Oracle in a research report on Thursday, June 12th. Stephens began coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective for the company. Evercore ISI reiterated a “buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.74.

Oracle 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.