Atlas Legacy Advisors LLC Buys Shares of 4,084 Oracle Co. (NYSE:ORCL)

Atlas Legacy Advisors LLC bought a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,084 shares of the enterprise software provider's stock, valued at approximately $681,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares during the period. TFC Financial Management Inc. lifted its holdings in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Oracle in the 3rd quarter valued at about $44,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle in the fourth quarter valued at approximately $47,000. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ORCL shares. UBS Group boosted their price target on Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. BMO Capital Markets raised their target price on Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a research report on Tuesday, December 10th. Stifel Nicolaus upped their price objective 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. Mizuho boosted their price target on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Finally, JMP Securities restated a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned 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.com, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle Stock Performance

ORCL stock traded down $8.08 during midday trading on Friday, reaching $167.92. The stock had a trading volume of 9,693,812 shares, compared to its average volume of 12,127,484. The firm has a fifty day simple moving average of $169.10 and a two-hundred day simple moving average of $166.74. Oracle Co. has a 52-week low of $109.66 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $469.66 billion, a PE ratio of 41.06, a P/E/G ratio of 3.57 and a beta of 1.05.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the prior year, the business posted $1.34 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio is currently 39.12%.

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.