Atlas Legacy Advisors LLC Acquires New Shares in Oracle Co. (NYSE:ORCL)

Atlas Legacy Advisors LLC bought a new position in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,084 shares of the enterprise software provider’s stock, valued at approximately $681,000.

Several other hedge funds have also recently modified their holdings of ORCL. Bank of Jackson Hole Trust bought a new stake in Oracle in the 4th quarter worth about $895,000. Klingman & Associates LLC boosted its holdings in shares of Oracle by 4.2% during the 4th quarter. Klingman & Associates LLC now owns 11,973 shares of the enterprise software provider’s stock valued at $1,995,000 after acquiring an additional 482 shares during the last quarter. Callahan Advisors LLC bought a new stake in shares of Oracle in the fourth quarter worth approximately $1,384,000. Davidson Investment Advisors raised its holdings in shares of Oracle by 12.2% during the fourth quarter. Davidson Investment Advisors now owns 1,824 shares of the enterprise software provider’s stock valued at $304,000 after purchasing an additional 199 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its position in Oracle by 162.6% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 124,272 shares of the enterprise software provider’s stock valued at $20,709,000 after purchasing an additional 76,948 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 3.2 %

Shares of ORCL opened at $179.78 on Wednesday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a 50 day simple moving average of $169.03 and a two-hundred day simple moving average of $166.57. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $502.85 billion, a P/E ratio of 43.96, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 earnings per share. On average, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is currently owned by company insiders.

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.