Family Legacy Inc. decreased its stake in Oracle Co. (NYSE:ORCL) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,733 shares of the enterprise software provider’s stock after selling 275 shares during the period. Family Legacy Inc.’s holdings in Oracle were worth $1,694,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Evolution Wealth Advisors LLC lifted its stake in shares of Oracle by 346.0% in the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after purchasing an additional 346 shares during the period. Investors Research Corp acquired a new position in Oracle during the first quarter worth about $30,000. Covenant Multifamily Offices LLC acquired a new position in Oracle during the first quarter worth about $35,000. ERTS Wealth Advisors LLC acquired a new position in Oracle during the fourth quarter worth about $36,000. Finally, Clarfeld Financial Advisors LLC acquired a new position in Oracle during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 54.26% of the company’s stock.
In related news, Director Naomi O. Seligman sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $59.52, for a total value of $5,356,800.00. Following the completion of the sale, the director now directly owns 82,310 shares in the company, valued at $4,899,091.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP W Corey West sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $58.00, for a total transaction of $5,800,000.00. Following the completion of the sale, the executive vice president now owns 60,268 shares of the company’s stock, valued at $3,495,544. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,356,250 shares of company stock valued at $76,913,375. 32.00% of the stock is owned by insiders.
A number of brokerages have issued reports on ORCL. KeyCorp restated a “hold” rating on shares of Oracle in a research report on Thursday, June 20th. Jefferies Financial Group lifted their target price on shares of Oracle from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Morgan Stanley lifted their target price on shares of Oracle from $54.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday, May 15th. Finally, Macquarie cut shares of Oracle from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $54.58.
Shares of NYSE ORCL opened at $55.84 on Monday. The stock has a market capitalization of $186.27 billion, a P/E ratio of 17.67, a PEG ratio of 1.63 and a beta of 1.15. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $60.50. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The business’s 50-day moving average price is $57.41.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, analysts expect that Oracle Co. will post 3.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a $0.24 dividend. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.72%. Oracle’s payout ratio is 30.38%.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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