Family Legacy Inc. Trims Stake in Oracle Co. (NYSE:ORCL)

Family Legacy Inc. lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,752 shares of the enterprise software provider’s stock after selling 250 shares during the quarter. Oracle makes up 1.8% of Family Legacy Inc.’s portfolio, making the stock its 17th largest holding. Family Legacy Inc.’s holdings in Oracle were worth $5,180,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ORCL. R Squared Ltd purchased a new stake in shares of Oracle in the fourth quarter worth $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the period. Synergy Investment Management LLC purchased a new stake in Oracle in the 4th quarter worth $34,000. TFC Financial Management Inc. lifted its position in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Oracle in the fourth quarter worth about $47,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity

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

Oracle Trading Down 3.5 %

ORCL opened at $140.75 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $393.67 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The stock has a fifty day moving average price of $163.94 and a 200-day moving average price of $170.31.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. Oracle’s dividend payout ratio is presently 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. Morgan Stanley dropped their price objective on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. DA Davidson reaffirmed a “neutral” rating and set a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Stifel Nicolaus lowered their target price on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Finally, Bank of America dropped their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.20.

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.