Legacy Wealth Management LLC MS Has $661,000 Stock Position in Oracle Co. (NYSE:ORCL)

Legacy Wealth Management LLC MS lifted its stake in Oracle Co. (NYSE:ORCL) by 125.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 institutional investors have also recently bought and sold shares of ORCL. International Assets Investment Management LLC boosted its stake in Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of 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 buying an additional 1,917,416 shares during the last quarter. State Street Corp raised its holdings in shares of 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 buying an additional 1,847,561 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in shares of 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 buying an additional 1,526,500 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 885,041 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 1.7 %

Shares of Oracle stock traded down $2.92 on Friday, reaching $172.40. 2,631,851 shares of the company were exchanged, compared to its average volume of 8,375,865. Oracle Co. has a one year low of $99.36 and a one year high of $198.31. The company has a market capitalization of $482.20 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 3.32 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The company has a 50-day moving average of $180.36 and a 200 day moving average of $155.36.

Oracle (NYSE:ORCL) last announced 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 for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business earned $1.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Co. will post 5.17 earnings per share for the current year.

Oracle Announces Dividend

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

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research analyst reports. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup boosted their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. JPMorgan Chase & Co. boosted their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.