Legal Advantage Investments Inc. Sells 300 Shares of Oracle Co. (NYSE:ORCL)

Legal Advantage Investments Inc. lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,746 shares of the enterprise software provider’s stock after selling 300 shares during the quarter. Oracle comprises 1.7% of Legal Advantage Investments Inc.’s portfolio, making the stock its 17th biggest holding. Legal Advantage Investments Inc.’s holdings in Oracle were worth $3,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Pacer Advisors Inc. increased its stake in Oracle by 36.0% in the 2nd quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock worth $20,856,000 after acquiring an additional 39,107 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Oracle by 6.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider’s stock worth $13,527,000 after acquiring an additional 6,215 shares during the last quarter. ProShare Advisors LLC increased its stake in Oracle by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 355,652 shares of the enterprise software provider’s stock worth $50,218,000 after acquiring an additional 10,650 shares during the last quarter. Epoch Investment Partners Inc. increased its position in shares of Oracle by 3.4% during the 2nd quarter. Epoch Investment Partners Inc. now owns 41,745 shares of the enterprise software provider’s stock valued at $5,894,000 after purchasing an additional 1,377 shares during the last quarter. Finally, Fairscale Capital LLC bought a new position in shares of Oracle during the 2nd quarter valued at approximately $103,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $161.05 on Tuesday. The company has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.16 and a beta of 1.06. The business’s 50 day moving average is $175.44 and its two-hundred day moving average is $161.58. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.34 EPS. Analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore ISI boosted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research note on Friday, December 20th. Piper Sandler upped their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.