Legacy CG LLC Acquires Shares of 31,868 Oracle Co. (NYSE:ORCL)

Legacy CG LLC bought a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,868 shares of the enterprise software provider's stock, valued at approximately $3,360,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Oracle in the 4th quarter valued at $1,409,896,000. Moneta Group Investment Advisors LLC increased its holdings in Oracle by 112,785.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider's stock valued at $885,451,000 after buying an additional 10,822,934 shares during the period. Wellington Management Group LLP increased its holdings in Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider's stock valued at $865,472,000 after buying an additional 8,084,067 shares during the period. Vanguard Group Inc. increased its holdings in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider's stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the period. Finally, Morgan Stanley increased its holdings in Oracle by 9.6% in the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider's stock valued at $1,675,878,000 after buying an additional 1,794,080 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on ORCL. Erste Group Bank reaffirmed a "hold" rating on shares of Oracle in a report on Friday, December 22nd. KeyCorp initiated coverage on Oracle in a research note on Thursday, March 21st. They issued an "overweight" rating and a $150.00 price target for the company. Piper Sandler lowered their price target on Oracle from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, January 2nd. Argus raised Oracle from a "hold" rating to a "buy" rating in a research note on Thursday, March 14th. Finally, BMO Capital Markets lifted their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a "market perform" rating in a report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $130.76.

Oracle Stock Down 1.0 %

NYSE:ORCL traded down $1.23 during trading hours on Monday, hitting $119.88. 5,070,501 shares of the company traded hands, compared to its average volume of 8,692,709. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm's 50-day simple moving average is $119.08 and its 200-day simple moving average is $112.53. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The company has a market cap of $329.49 billion, a PE ratio of 31.96, a PEG ratio of 2.34 and a beta of 1.01.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter last year, the firm posted $0.96 EPS. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Tuesday, April 9th. Oracle's payout ratio is 42.22%.

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.