1,668 Shares in Oracle Co. (NYSE:ORCL) Purchased by Legacy Private Trust Co.

Legacy Private Trust Co. purchased a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,668 shares of the enterprise software provider’s stock, valued at approximately $278,000.

Several other institutional investors have also made changes to their positions in ORCL. Principal Financial Group Inc. lifted its position in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares during the period. Itau Unibanco Holding S.A. grew its stake in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after buying an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp bought a new position in Oracle in the 3rd quarter valued at about $4,160,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after acquiring an additional 126,985 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Oracle by 84.5% in the third quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock valued at $147,206,000 after acquiring an additional 395,613 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 0.7 %

NYSE ORCL opened at $163.13 on Thursday. The business has a 50 day simple moving average of $178.02 and a 200 day simple moving average of $160.61. The stock has a market capitalization of $456.27 billion, a P/E ratio of 39.89, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a one year low of $102.72 and a one year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the company posted $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts expect that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Guggenheim raised their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Evercore ISI upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $181.48.

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.