Oracle Corporation $ORCL Shares Purchased by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. boosted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,180 shares of the enterprise software provider’s stock after purchasing an additional 219 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Oracle were worth $2,682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Tacita Capital Inc lifted its holdings in shares of Oracle by 6.0% in the first quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider’s stock valued at $174,000 after buying an additional 70 shares during the period. Flynn Zito Capital Management LLC lifted its holdings in shares of Oracle by 1.7% during the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider’s stock valued at $606,000 after purchasing an additional 71 shares during the last quarter. Tiller Private Wealth Inc. lifted its holdings in shares of Oracle by 4.6% during the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $224,000 after purchasing an additional 71 shares during the last quarter. Private Wealth Management Group LLC raised its position in Oracle by 14.9% during the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider’s stock valued at $78,000 after buying an additional 72 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. raised its position in Oracle by 4.8% during the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider’s stock valued at $218,000 after buying an additional 72 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ORCL. Evercore ISI upped their target price on Oracle from $215.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, July 14th. Morgan Stanley reissued an “overweight” rating on shares of Oracle in a report on Wednesday, June 18th. Piper Sandler upgraded Oracle from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $270.00 in a research report on Thursday, July 10th. UBS Group raised their target price on Oracle from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, TD Cowen raised their target price on Oracle from $275.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $227.04.

Insider Activity

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

ORCL opened at $248.86 on Tuesday. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The stock has a market cap of $699.01 billion, a price-to-earnings ratio of 57.34, a PEG ratio of 3.71 and a beta of 1.43. The business has a 50 day moving average of $231.98 and a 200-day moving average of $181.14. 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 (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 earnings per share. On average, equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is 46.08%.

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.