Oracle Corporation (NYSE:ORCL) Holdings Boosted by Legacy CG LLC

Legacy CG LLC lifted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,163 shares of the enterprise software provider's stock after buying an additional 1,657 shares during the period. Oracle comprises approximately 1.9% of Legacy CG LLC's portfolio, making the stock its 20th biggest position. Legacy CG LLC's holdings in Oracle were worth $5,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Vanguard Group Inc. raised its holdings in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. FMR LLC raised its stake in shares of Oracle by 0.4% during the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after purchasing an additional 156,269 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after buying an additional 619,619 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after buying an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after buying an additional 2,176,892 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Up 1.2%

Shares of NYSE ORCL opened at $213.28 on Friday. The business has a 50-day simple moving average of $166.79 and a two-hundred day simple moving average of $162.13. 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 $216.93. The company has a market cap of $599.07 billion, a P/E ratio of 49.14, a P/E/G ratio of 3.16 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle 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 sale, the insider now directly owns 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ORCL. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Bank of America lifted their price objective on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Evercore ISI reiterated a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. JMP Securities set a $240.00 price target on Oracle and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $197.67.

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.

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