Legacy Bridge LLC Buys 93 Shares of Oracle Co. (NYSE:ORCL)

Legacy Bridge LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 21.6% in the 3rd quarter, Holdings Channel reports. The fund owned 523 shares of the enterprise software provider’s stock after acquiring an additional 93 shares during the quarter. Legacy Bridge LLC’s holdings in Oracle were worth $89,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Edgestream Partners L.P. raised its stake in shares of Oracle by 91.7% in the 1st quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock valued at $1,730,000 after purchasing an additional 6,587 shares during the period. Pitcairn Co. lifted its stake in Oracle by 3.5% in the 1st quarter. Pitcairn Co. now owns 20,017 shares of the enterprise software provider’s stock valued at $2,514,000 after acquiring an additional 669 shares in the last quarter. Ossiam lifted its stake in Oracle by 28.1% in the 1st quarter. Ossiam now owns 42,761 shares of the enterprise software provider’s stock valued at $5,371,000 after acquiring an additional 9,377 shares in the last quarter. Titan Global Capital Management USA LLC grew its stake in shares of Oracle by 13.4% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,286 shares of the enterprise software provider’s stock worth $1,669,000 after acquiring an additional 1,567 shares in the last quarter. Finally, Evermay Wealth Management LLC raised its holdings in shares of Oracle by 13.1% in the first quarter. Evermay Wealth Management LLC now owns 4,579 shares of the enterprise software provider’s stock valued at $575,000 after purchasing an additional 532 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Up 1.1 %

ORCL stock opened at $185.75 on Tuesday. The business’s fifty day moving average price is $173.06 and its two-hundred day moving average price is $147.56. The stock has a market capitalization of $514.72 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 3.39 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ORCL shares. Citigroup increased their target price on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Evercore ISI raised their price objective on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Guggenheim upped their target price on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Morgan Stanley raised their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus boosted their price target on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.52.

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.