LGL Partners LLC Buys 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 fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,451 shares of the enterprise software provider’s stock after acquiring 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 and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of ORCL. Orion Capital Management LLC bought a new stake in shares of Oracle during the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after buying an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. raised its position in shares of Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

ORCL stock traded down $2.29 during trading on Tuesday, hitting $114.20. 3,143,036 shares of the company traded hands, compared to its average volume of 8,371,368. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a 1 year low of $93.85 and a 1 year high of $132.77. The stock’s 50-day simple moving average is $119.52 and its 200 day simple moving average is $113.21. The company has a market cap of $313.88 billion, a PE ratio of 30.74, a P/E/G ratio of 2.35 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, equities analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ORCL shares. The Goldman Sachs Group lifted their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Oppenheimer started coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Piper Sandler decreased their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets boosted their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Company 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.