Legacy Financial Advisors Inc. Has $1.72 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Legacy Financial Advisors Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,274 shares of the enterprise software provider’s stock after buying an additional 750 shares during the period. Legacy Financial Advisors Inc.’s holdings in Oracle were worth $1,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of Oracle during the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle during the third quarter worth $27,000. Cornerstone Planning Group LLC raised its holdings in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. raised its holdings in shares of Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL stock traded up $0.84 during trading on Friday, reaching $115.80. 4,484,976 shares of the stock were exchanged, compared to its average volume of 6,128,065. Oracle Co. has a twelve month low of $94.41 and a twelve month high of $132.77. The company has a market capitalization of $318.28 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The stock has a 50 day simple moving average of $119.91 and a 200-day simple moving average of $113.32. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Oppenheimer began coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. Finally, The Goldman Sachs Group raised their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Buying and Selling

In related news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. 42.80% of the stock is owned by company insiders.

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.