Legacy Capital Group California Inc. Acquires 1,555 Shares of Oracle Co. (NYSE:ORCL)

Legacy Capital Group California Inc. boosted its holdings in Oracle Co. (NYSE:ORCL) by 35.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,994 shares of the enterprise software provider’s stock after acquiring an additional 1,555 shares during the period. Legacy Capital Group California Inc.’s holdings in Oracle were worth $714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Horizon Wealth Management LLC grew its position in Oracle by 2.3% during the 2nd quarter. Horizon Wealth Management LLC now owns 3,922 shares of the enterprise software provider’s stock worth $467,000 after purchasing an additional 87 shares during the period. Drive Wealth Management LLC increased its holdings in Oracle by 1.5% in the second quarter. Drive Wealth Management LLC now owns 6,040 shares of the enterprise software provider’s stock valued at $719,000 after buying an additional 91 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in Oracle by 1.2% in the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 7,820 shares of the enterprise software provider’s stock valued at $931,000 after buying an additional 91 shares in the last quarter. Noesis Capital Mangement Corp increased its holdings in Oracle by 3.2% in the second quarter. Noesis Capital Mangement Corp now owns 3,149 shares of the enterprise software provider’s stock valued at $375,000 after buying an additional 97 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Oracle by 1.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 5,963 shares of the enterprise software provider’s stock valued at $710,000 after buying an additional 97 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, Director George H. Conrades sold 2,325 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $113.76, for a total value of $264,492.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,029,023.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Up 0.6 %

Shares of ORCL traded up $0.69 during mid-day trading on Friday, hitting $115.36. 4,793,121 shares of the company’s stock were exchanged, compared to its average volume of 7,799,024. The company has a market cap of $316.01 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 2.92 and a beta of 1.03. Oracle Co. has a fifty-two week low of $78.06 and a fifty-two week high of $127.54. The company has a debt-to-equity ratio of 29.72, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50-day moving average is $108.95 and its 200-day moving average is $111.52.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $12.45 billion for the quarter, compared to analysts’ expectations of $12.48 billion. Oracle had a net margin of 18.40% and a negative return on equity of 3,631.39%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. On average, sell-side analysts anticipate that Oracle Co. will post 4.48 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Wednesday, October 11th. Oracle’s dividend payout ratio is currently 47.62%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. Berenberg Bank boosted their price target on shares of Oracle from $82.50 to $110.00 and gave the stock a “hold” rating in a report on Thursday, September 21st. Piper Sandler reissued an “overweight” rating and issued a $130.00 price target on shares of Oracle in a report on Friday, September 22nd. BMO Capital Markets cut their price target on shares of Oracle from $132.00 to $130.00 and set a “market perform” rating for the company in a report on Monday, September 25th. Mizuho reiterated a “buy” rating and set a $150.00 price target on shares of Oracle in a research report on Tuesday, September 19th. Finally, DA Davidson dropped their price target on Oracle from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. Eleven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $124.23.

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.