Legacy Wealth Management LLC MS Buys 2,160 Shares of Oracle Co. (NYSE:ORCL)

Legacy Wealth Management LLC MS increased its stake in Oracle Co. (NYSE:ORCL) by 125.7% during the third quarter, Holdings Channel reports. The firm owned 3,879 shares of the enterprise software provider’s stock after acquiring an additional 2,160 shares during the period. Legacy Wealth Management LLC MS’s holdings in Oracle were worth $661,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. grew its position in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. State Street Corp grew its position in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Altshuler Shaham Ltd grew its position in Oracle by 5,853.1% in the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after acquiring an additional 1,526,500 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after acquiring an additional 885,041 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 1.7 %

Shares of ORCL stock traded down $2.92 during trading hours on Friday, hitting $172.40. 2,631,851 shares of the company were exchanged, compared to its average volume of 8,375,865. The firm has a market cap of $482.20 billion, a P/E ratio of 42.16, a P/E/G ratio of 3.32 and a beta of 1.03. Oracle Co. has a fifty-two week low of $99.36 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The company has a 50 day simple moving average of $180.36 and a two-hundred day simple moving average of $155.36.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business posted $1.34 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 5.17 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, January 9th. Oracle’s payout ratio is currently 39.12%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley lifted their target price on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday. Barclays boosted their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. BMO Capital Markets boosted their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday. KeyCorp boosted their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Twelve analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $183.63.

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.