LGL Partners LLC Acquires 199 Shares of Oracle Co. (NYSE:ORCL)

LGL Partners LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 3.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,451 shares of the enterprise software provider’s stock after buying an additional 199 shares during the quarter. LGL Partners LLC’s holdings in Oracle were worth $575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ORCL. Vanguard Group Inc. raised its holdings in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares during the period. Northern Trust Corp grew its stake in Oracle by 3.5% in the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after buying an additional 635,994 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Oracle by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock valued at $1,211,307,000 after buying an additional 61,604 shares in the last quarter. Invesco Ltd. grew its position in shares of Oracle by 1.1% during the 3rd quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after purchasing an additional 89,876 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after acquiring an additional 8,084,067 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. BMO Capital Markets boosted their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. KeyCorp began coverage on Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. HSBC lifted their price objective on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Oppenheimer assumed coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating for the company. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Performance

Shares of NYSE ORCL traded down $2.29 during trading on Tuesday, reaching $114.20. 3,143,036 shares of the company traded hands, compared to its average volume of 8,371,368. The firm’s fifty day simple moving average is $119.52 and its 200 day simple moving average is $113.21. The stock has a market cap of $313.88 billion, a P/E ratio of 30.74, a PEG ratio of 2.35 and a beta of 1.01. Oracle Co. has a 12-month low of $93.85 and a 12-month high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same period last year, the firm earned $0.96 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 42.80% of the company’s stock.

Oracle Profile

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.